First Community (NASDAQ:FCCO) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

First Community Corporation (NASDAQ:FCCO - Get Free Report)'s stock price passed 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 trading hands.

Analysts Set New Price Targets

Separately, Hovde Group lifted their price objective on shares of First Community from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th.

First Community Stock Down 1.2%

The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. The company's fifty day moving average is $23.81 and its 200-day moving average is $23.76. The company has a market cap of $192.28 million, a PE ratio of 12.64 and a beta of 0.37.

First Community (NASDAQ:FCCO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. First Community had a net margin of 14.48% and a return on equity of 10.70%. The firm had revenue of $18.37 million for the quarter, compared to the consensus estimate of $17.39 million. On average, analysts predict that First Community Corporation will post 2.28 EPS for the current year.

First Community Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.60 annualized dividend and a yield of 2.40%. First Community's dividend payout ratio (DPR) is 30.30%.

Institutional Investors Weigh In On First Community

Several hedge funds have recently modified their holdings of the business. Northern Trust Corp increased its stake in First Community by 2.8% during the 4th quarter. Northern Trust Corp now owns 14,798 shares of the bank's stock valued at $355,000 after purchasing an additional 404 shares in the last quarter. Empowered Funds LLC boosted its holdings in First Community by 7.7% during the first quarter. Empowered Funds LLC now owns 10,080 shares of the bank's stock worth $227,000 after buying an additional 721 shares in the last quarter. Signaturefd LLC lifted its holdings in 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 in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in First Community by 63.6% during 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 holdings in First Community by 4.1% during the first quarter. Independent Advisor Alliance now owns 102,823 shares of the bank's stock valued at $2,320,000 after purchasing an additional 4,020 shares in the last quarter. Hedge funds and other institutional investors own 61.25% of the company's stock.

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.