First Community Corporation (NASDAQ:FCCO) to Issue Quarterly Dividend of $0.16

Key Points

• First Community Corporation has declared a quarterly dividend of $0.16 per share, payable on November 18th to shareholders on record by November 4th, reflecting a dividend yield of 2.3%.
• The company has a dividend payout ratio of 22.1%, indicating its dividends are well-covered by earnings, with expected earnings of $2.83 per share next year.
• First Community's stock recently traded up by 2.4%, reaching $27.91, with a market capitalization of approximately $214.35 million and a P/E ratio of 12.52.

First Community Corporation (NASDAQ:FCCO - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Tuesday, November 4th will be paid a dividend of 0.16 per share by the bank on Tuesday, November 18th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, November 4th.

First Community has a dividend payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Community to earn $2.83 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 21.2%.

First Community Trading Up 2.4%

Shares of NASDAQ:FCCO traded up $0.66 during trading hours on Wednesday, hitting $27.91. 61,720 shares of the company's stock traded hands, compared to its average volume of 42,825. First Community has a 1 year low of $19.46 and a 1 year high of $29.55. The business has a fifty day moving average price of $27.52 and a 200-day moving average price of $25.04. The firm has a market capitalization of $214.35 million, a P/E ratio of 12.52 and a beta of 0.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.77.

First Community (NASDAQ:FCCO - Get Free Report) last announced its quarterly earnings results on Friday, April 30th. The bank reported $0.43 earnings per share (EPS) for the quarter. The firm had revenue of $13.86 million during the quarter. First Community had a return on equity of 11.65% and a net margin of 15.87%. Equities analysts expect that First Community will post 2.28 earnings per share for the current year.

Insider Activity

In other news, Director Roderick M. Todd, Jr. sold 1,679 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $28.00, for a total transaction of $47,012.00. Following the sale, the director directly owned 11,866 shares in the company, valued at $332,248. This trade represents a 12.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.92% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp purchased a new position in First Community in the 1st quarter valued at about $566,000. American Century Companies Inc. purchased a new position in First Community in the 1st quarter worth approximately $456,000. Cubist Systematic Strategies LLC lifted its stake in First Community by 206.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 19,524 shares of the bank's stock worth $440,000 after purchasing an additional 13,155 shares in the last quarter. Trexquant Investment LP purchased a new position in First Community in the 1st quarter worth approximately $495,000. Finally, Signaturefd LLC lifted its stake in First Community by 846.7% in the 1st quarter. Signaturefd LLC now owns 2,168 shares of the bank's stock worth $49,000 after purchasing an additional 1,939 shares in the last quarter. 61.25% of the stock is owned by hedge funds and other institutional investors.

First Community Company Profile

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.

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