First Community (FCCO) to Release Earnings on Wednesday

First Community (NASDAQ:FCCO - Get Free Report) will announce its earnings results on Wednesday, April 17th.

First Community (NASDAQ:FCCO - Get Free Report) last released its earnings results on Wednesday, January 24th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $23.51 million for the quarter, compared to analyst estimates of $14.93 million. First Community had a return on equity of 9.43% and a net margin of 14.25%. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, analysts expect First Community to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Community Stock Performance

NASDAQ:FCCO traded down $0.09 on Tuesday, hitting $15.79. The company's stock had a trading volume of 24,556 shares, compared to its average volume of 21,846. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average of $16.91 and a two-hundred day moving average of $17.96. The firm has a market capitalization of $120.48 million, a P/E ratio of 10.21 and a beta of 0.43. First Community has a one year low of $15.40 and a one year high of $22.00.

First Community Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were paid a $0.14 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.56 annualized dividend and a yield of 3.55%. First Community's dividend payout ratio is 36.36%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FCCO shares. StockNews.com upgraded First Community from a "sell" rating to a "hold" rating in a research note on Thursday, January 25th. Raymond James raised First Community from a "market perform" rating to an "outperform" rating and set a $21.00 target price on the stock in a research report on Thursday, January 25th.

Institutional Investors Weigh In On First Community

Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of First Community by 1.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 409,357 shares of the bank's stock valued at $8,678,000 after purchasing an additional 4,305 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of First Community by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 405,949 shares of the bank's stock valued at $8,740,000 after purchasing an additional 12,029 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of First Community by 669.9% in the 2nd quarter. BlackRock Inc. now owns 334,490 shares of the bank's stock valued at $5,807,000 after purchasing an additional 291,045 shares in the last quarter. Fourthstone LLC boosted its holdings in shares of First Community by 50.9% in the 1st quarter. Fourthstone LLC now owns 280,735 shares of the bank's stock valued at $5,952,000 after purchasing an additional 94,705 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of First Community by 93.8% in the 2nd quarter. Geode Capital Management LLC now owns 133,776 shares of the bank's stock valued at $2,322,000 after purchasing an additional 64,743 shares in the last quarter. Institutional investors and hedge funds own 61.25% of the company's stock.

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.