First Community (NASDAQ:FCCO) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Price action: First Community (NASDAQ:FCCO) crossed above its 200-day moving average of $28.84, trading as high as $29.95 and last at $29.81 on volume of 80,415 shares.
• Analyst sentiment: The stock has a consensus "Moderate Buy" rating (two Buys, one Hold) with a consensus price target of $34, and Hovde Group recently raised its target to $34 with an "outperform" rating.
• Fundamentals and payout: Q4 results showed $0.69 EPS (beating the $0.68 estimate) and $20.6M revenue, the company trades at a P/E of 12.07, and pays a $0.16 quarterly dividend (2.1% yield, ~25.9% payout ratio).

First Community Corporation (NASDAQ:FCCO - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.84 and traded as high as $29.95. First Community shares last traded at $29.81, with a volume of 80,415 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FCCO shares. Weiss Ratings reissued a "buy (b)" rating on shares of First Community in a research report on Thursday, January 22nd. Hovde Group lifted their target price on shares of First Community from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

First Community Price Performance

The stock's 50-day moving average is $29.27 and its 200 day moving average is $28.84. The stock has a market capitalization of $279.74 million, a PE ratio of 12.07 and a beta of 0.34. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.09.

First Community (NASDAQ:FCCO - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The bank reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. First Community had a net margin of 16.85% and a return on equity of 12.71%. The firm had revenue of $20.60 million for the quarter, compared to the consensus estimate of $20.25 million. As a group, equities analysts predict that First Community Corporation will post 2.28 earnings per share for the current year.

First Community Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.64 dividend on an annualized basis and a yield of 2.1%. First Community's payout ratio is presently 25.91%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new position in First Community during the third quarter valued at approximately $26,000. CWM LLC bought a new stake in First Community in the third quarter worth approximately $31,000. BNP Paribas Financial Markets grew its position in First Community by 324.2% in the second quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank's stock worth $33,000 after acquiring an additional 1,031 shares in the last quarter. Federated Hermes Inc. grew its position in First Community by 116.2% in the third quarter. Federated Hermes Inc. now owns 1,405 shares of the bank's stock worth $40,000 after acquiring an additional 755 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in First Community in the second quarter worth approximately $99,000. 61.25% of the stock is owned by hedge funds and other institutional investors.

About First Community

First Community Financial Corp. NASDAQ: FCCO is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company's core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.

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