First Community (NASDAQ:FCCO) Share Price Crosses Above 200 Day Moving Average - Here's Why

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.

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

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.