First Community (NASDAQ:FCCO) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

First Community Corporation (NASDAQ:FCCO - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.31 and traded as high as $29.34. First Community shares last traded at $29.03, with a volume of 24,862 shares traded.

First Community Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.77. The stock has a market cap of $223.24 million, a price-to-earnings ratio of 13.02 and a beta of 0.46. The stock has a fifty day moving average of $26.57 and a 200 day moving average of $24.31.

First Community (NASDAQ:FCCO - Get Free Report) last released its earnings results on Wednesday, July 23rd. The bank reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.09. First Community had a return on equity of 11.65% and a net margin of 15.87%.The firm had revenue of $19.53 million during the quarter, compared to the consensus estimate of $18.56 million. On average, analysts expect that First Community Corporation will post 2.28 EPS for the current fiscal year.

First Community Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 5th were given a dividend of $0.16 per share. This is a boost from First Community's previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, August 5th. First Community's payout ratio is presently 28.70%.

Insider Transactions at First Community

In related news, Director Roderick M. Todd, Jr. sold 1,679 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $28.00, for a total transaction of $47,012.00. Following the completion of the transaction, the director directly owned 11,866 shares in the company, valued at $332,248. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On First Community

Several institutional investors and hedge funds have recently modified their holdings of FCCO. BNP Paribas Financial Markets lifted its holdings in shares of First Community by 324.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank's stock valued at $33,000 after buying an additional 1,031 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of First Community in the second quarter worth about $41,000. Blue Trust Inc. acquired a new position in First Community in the 2nd quarter worth about $42,000. Signaturefd LLC raised its stake in shares of First Community by 846.7% during the 1st quarter. Signaturefd LLC now owns 2,168 shares of the bank's stock worth $49,000 after buying an additional 1,939 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in First Community during the second quarter worth $99,000. 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.

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