Brokerages expect First Community Corporation (NASDAQ:FCCO) to report sales of $9.73 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for First Community Corporation’s earnings, with estimates ranging from $9.56 million to $9.90 million. First Community Corporation posted sales of $9.04 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, October 18th.
On average, analysts expect that First Community Corporation will report full-year sales of $9.73 million for the current year, with estimates ranging from $38.91 million to $39.80 million. For the next financial year, analysts forecast that the company will report sales of $45.63 million per share, with estimates ranging from $45.60 million to $45.65 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for First Community Corporation.
First Community Corporation (NASDAQ:FCCO) last issued its earnings results on Wednesday, July 19th. The bank reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.02. First Community Corporation had a net margin of 17.39% and a return on equity of 8.24%. The firm had revenue of $9.69 million during the quarter, compared to analysts’ expectations of $9.42 million.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut First Community Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine upgraded First Community Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
First Community Corporation (NASDAQ FCCO) opened at 20.75 on Friday. First Community Corporation has a 52 week low of $14.80 and a 52 week high of $23.55. The stock has a market cap of $139.05 million, a P/E ratio of 20.54 and a beta of 0.81. The firm has a 50-day moving average price of $20.77 and a 200-day moving average price of $20.81.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be paid a $0.09 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.36 dividend on an annualized basis and a yield of 1.73%. First Community Corporation’s dividend payout ratio (DPR) is 35.64%.
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In other First Community Corporation news, CEO Michael C. Crapps sold 6,544 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $20.06, for a total transaction of $131,272.64. Following the sale, the chief executive officer now owns 67,967 shares of the company’s stock, valued at $1,363,418.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.60% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. ClariVest Asset Management LLC purchased a new position in First Community Corporation during the first quarter valued at about $110,000. Stratos Wealth Partners LTD. bought a new position in shares of First Community Corporation during the first quarter valued at $226,000. Greenwood Capital Associates LLC bought a new position in shares of First Community Corporation during the first quarter valued at $338,000. Stifel Financial Corp raised its position in shares of First Community Corporation by 26.4% in the first quarter. Stifel Financial Corp now owns 18,906 shares of the bank’s stock valued at $416,000 after buying an additional 3,946 shares in the last quarter. Finally, Asset Advisors Corp raised its position in shares of First Community Corporation by 0.5% in the first quarter. Asset Advisors Corp now owns 47,864 shares of the bank’s stock valued at $1,053,000 after buying an additional 256 shares in the last quarter. 46.35% of the stock is currently owned by institutional investors.
First Community Corporation Company Profile
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.
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