Equities analysts forecast that First Community Co. (NASDAQ:FCCO) will announce earnings per share (EPS) of $0.35 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First Community’s earnings, with estimates ranging from $0.33 to $0.36. First Community also reported earnings of $0.35 per share during the same quarter last year. The firm is scheduled to announce its next earnings report on Wednesday, April 17th.
According to Zacks, analysts expect that First Community will report full year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.46 to $1.55. For the next year, analysts forecast that the firm will report earnings of $1.55 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover First Community.
First Community (NASDAQ:FCCO) last issued its quarterly earnings results on Wednesday, January 16th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). First Community had a return on equity of 10.51% and a net margin of 22.29%. The company had revenue of $11.65 million for the quarter, compared to analysts’ expectations of $11.81 million.
FCCO has been the subject of several research analyst reports. Zacks Investment Research lowered shares of First Community from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine upgraded shares of First Community from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd.
A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in First Community by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 82,466 shares of the bank’s stock valued at $1,602,000 after buying an additional 7,360 shares in the last quarter. Penn Capital Management Co. Inc. grew its stake in First Community by 3.2% in the 4th quarter. Penn Capital Management Co. Inc. now owns 88,971 shares of the bank’s stock valued at $1,729,000 after buying an additional 2,788 shares in the last quarter. Abacus Planning Group Inc. grew its stake in First Community by 714.8% in the 4th quarter. Abacus Planning Group Inc. now owns 90,144 shares of the bank’s stock valued at $1,751,000 after buying an additional 79,080 shares in the last quarter. Bank of America Corp DE grew its stake in First Community by 35.4% in the 4th quarter. Bank of America Corp DE now owns 8,339 shares of the bank’s stock valued at $162,000 after buying an additional 2,181 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in First Community by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 81,993 shares of the bank’s stock valued at $1,593,000 after buying an additional 3,241 shares in the last quarter. Institutional investors and hedge funds own 55.10% of the company’s stock.
Shares of FCCO stock traded up $0.03 during trading hours on Friday, hitting $20.08. 100 shares of the company were exchanged, compared to its average volume of 12,888. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.18. First Community has a 52-week low of $17.93 and a 52-week high of $26.25. The firm has a market cap of $151.07 million, a P/E ratio of 13.83 and a beta of 0.89.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Thursday, January 31st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.19%. This is a positive change from First Community’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, January 30th. First Community’s payout ratio is currently 30.34%.
About First Community
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 four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.
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