First Community (NASDAQ:FCCO) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Crossed above its 200‑day moving average: FCCO traded as high as $28.77 versus the 200‑day at $28.70, though it last traded at $28.40 and remains below the 50‑day MA of $29.60.
• Analyst sentiment is positive with a consensus "Moderate Buy" and a $34.00 target; Hovde raised its target to $34 and Weiss Ratings reissued a "buy."
• Fundamentals include a slight quarterly beat (EPS $0.69 vs $0.68), a P/E of 11.5, low debt/equity (0.09), and a $0.16 quarterly dividend (2.3% yield); institutional ownership is about 61%.

First Community Corporation (NASDAQ:FCCO - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.70 and traded as high as $28.77. First Community shares last traded at $28.40, with a volume of 54,778 shares trading hands.

Analyst Upgrades and Downgrades

FCCO has been the topic of several recent analyst reports. Hovde Group boosted their price target on First Community from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of First Community in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.00.

First Community Stock Performance

The company has a fifty day moving average of $29.60 and a two-hundred day moving average of $28.70. The firm has a market capitalization of $218.40 million, a price-to-earnings ratio of 11.50 and a beta of 0.38. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.78 and a current ratio of 0.78.

First Community (NASDAQ:FCCO - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. The firm had revenue of $20.60 million during the quarter, compared to the consensus estimate of $20.25 million. First Community had a net margin of 16.85% and a return on equity of 12.96%. As a group, equities research analysts predict that First Community Corporation will post 2.28 earnings per share for the current fiscal year.

First Community Dividend Announcement

The company 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 annualized dividend and a yield of 2.3%. First Community's dividend payout ratio is currently 25.91%.

Institutional Trading of First Community

Large investors have recently made changes to their positions in the company. Millennium Management LLC grew its stake in shares of First Community by 115.5% during the first quarter. Millennium Management LLC now owns 195,527 shares of the bank's stock worth $4,411,000 after buying an additional 104,796 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of First Community by 1,230.5% during the first quarter. Jones Financial Companies Lllp now owns 12,640 shares of the bank's stock valued at $285,000 after acquiring an additional 11,690 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of First Community by 199.8% during the first quarter. Goldman Sachs Group Inc. now owns 90,919 shares of the bank's stock worth $2,051,000 after purchasing an additional 60,596 shares during the period. Empowered Funds LLC lifted its holdings in 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 buying an additional 721 shares during the period. Finally, Jane Street Group LLC grew its position in shares of First Community by 63.7% in the 1st quarter. Jane Street Group LLC now owns 51,323 shares of the bank's stock valued at $1,158,000 after buying an additional 19,978 shares during the last quarter. Institutional investors and hedge funds own 61.25% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.