First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments. Its deposit products include checking, NOW, savings, and individual retirement accounts; and demand deposits, as well as other time deposits, such as daily money market accounts and longer-term certificates of deposit. The company's loan portfolio comprises commercial loans that consist of secured and unsecured loans for working capital, business expansion, and the purchase of equipment and machinery; consumer loans, including secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; real estate construction and acquisition loans; and fixed and variable rate mortgage loans. It also provides other banking services, which include online banking, internet banking, cash management, safe deposit boxes, travelers checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts. In addition, the company offers non-deposit investment products and other investment brokerage services; VISA and MasterCard credit card services; investment advisory services; and insurance services. It operates 21 full-service offices located in the Lexington County, Richland County, Newberry County, Kershaw County, Greenville County, Anderson County, Pickens County, and Aiken County, South Carolina; and Richmond County and Columbia County, Georgia. The company was incorporated in 1994 and is headquartered in Lexington, South Carolina.
First Community Price Performance
First Community stock opened at $18.25 on Monday. First Community has a 52 week low of $17.55 and a 52 week high of $23.42. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.13. The firm's 50-day simple moving average is $18.53 and its 200 day simple moving average is $19.70. The firm has a market capitalization of $137.99 million, a PE ratio of 9.03 and a beta of 0.55.
First Community (NASDAQ:FCCO - Get Rating) last released its quarterly earnings data on Wednesday, July 20th. The bank reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). First Community had a return on equity of 11.69% and a net margin of 25.09%. The business had revenue of $14.06 million during the quarter, compared to analysts' expectations of $14.36 million. On average, equities research analysts predict that First Community will post 1.8 EPS for the current fiscal year.
First Community Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 2nd will be issued a $0.13 dividend. The ex-dividend date is Monday, August 1st. This represents a $0.52 dividend on an annualized basis and a yield of 2.85%. First Community's dividend payout ratio (DPR) is 25.74%.
Wall Street Analyst Weigh In
FCCO has been the topic of a number of recent analyst reports. StockNews.com assumed coverage on shares of First Community in a research note on Tuesday, August 9th. They set a "hold" rating on the stock. Piper Sandler decreased their price objective on shares of First Community to $20.00 in a research report on Friday, July 22nd.