First Community (NASDAQ:FCCO) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

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

Wall Street Analysts Forecast Growth

Separately, Hovde Group upped their target price on 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 quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $23.81 and a 200-day moving average price of $23.75. The firm has a market capitalization of $190.77 million, a price-to-earnings ratio of 12.55 and a beta of 0.37.

First Community (NASDAQ:FCCO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.51 earnings per share (EPS) 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 the consensus estimate of $17.39 million. First Community had a return on equity of 10.70% and a net margin of 14.48%. As a group, equities research analysts forecast that First Community Corporation will post 2.28 earnings per share for the current year.

First Community Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.42%. First Community's dividend payout ratio is presently 30.30%.

Hedge Funds Weigh In On First Community

Several hedge funds and other institutional investors have recently made changes to their positions in FCCO. Rhino Investment Partners Inc bought a new position in First Community during the 4th quarter valued at $6,012,000. Millennium Management LLC boosted its stake in First Community by 115.5% during the 1st quarter. Millennium Management LLC now owns 195,527 shares of the bank's stock valued at $4,411,000 after purchasing an additional 104,796 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in First Community by 199.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 90,919 shares of the bank's stock valued at $2,051,000 after purchasing an additional 60,596 shares in the last quarter. Susquehanna International Group LLP boosted its stake in First Community by 183.1% during the 4th quarter. Susquehanna International Group LLP now owns 91,733 shares of the bank's stock valued at $2,202,000 after purchasing an additional 59,335 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in First Community by 36.7% during the 1st quarter. Acadian Asset Management LLC now owns 130,870 shares of the bank's stock valued at $2,948,000 after purchasing an additional 35,140 shares in the last quarter. 61.25% of the stock is currently owned by institutional investors and hedge funds.

About First Community

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.