Shares of First Community Corporation (NASDAQ:FCCO - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.75 and traded as high as $25.55. First Community shares last traded at $25.29, with a volume of 26,126 shares traded.
Analyst Ratings Changes
Separately, Hovde Group increased their price objective on shares of First Community from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, April 24th.
Get Our Latest Stock Analysis on First Community
First Community Stock Performance
The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $194.53 million, a price-to-earnings ratio of 12.79 and a beta of 0.37. The firm has a 50-day simple moving average of $23.81 and a two-hundred day simple moving average of $23.76.
First Community (NASDAQ:FCCO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. The business had revenue of $18.37 million during the quarter, compared to analysts' expectations of $17.39 million. First Community had a return on equity of 10.70% and a net margin of 14.48%. As a group, sell-side analysts forecast that First Community Corporation will post 2.28 earnings per share for the current fiscal year.
First Community Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Tuesday, May 6th. First Community's dividend payout ratio (DPR) is presently 30.30%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in FCCO. Northern Trust Corp increased its stake in First Community by 2.8% during the fourth quarter. Northern Trust Corp now owns 14,798 shares of the bank's stock valued at $355,000 after acquiring an additional 404 shares during the period. Empowered Funds LLC grew its holdings in shares of First Community by 7.7% during the 1st quarter. Empowered Funds LLC now owns 10,080 shares of the bank's stock worth $227,000 after purchasing an additional 721 shares in the last quarter. Signaturefd LLC increased its position in shares of First Community by 846.7% during the first quarter. Signaturefd LLC now owns 2,168 shares of the bank's stock valued at $49,000 after purchasing an additional 1,939 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of First Community by 63.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 6,369 shares of the bank's stock valued at $153,000 after purchasing an additional 2,475 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in First Community by 4.1% in the first quarter. Independent Advisor Alliance now owns 102,823 shares of the bank's stock worth $2,320,000 after purchasing an additional 4,020 shares during the period. Institutional investors and hedge funds own 61.25% of the company's stock.
First Community Company Profile
(
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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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