First Community (NASDAQ:FCCO) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of First Community Corporation (NASDAQ:FCCO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.29 and traded as high as $30.17. First Community shares last traded at $29.48, with a volume of 56,687 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Hovde Group increased their price target on First Community from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of First Community in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

First Community Trading Down 0.7%

The firm has a 50 day simple moving average of $29.50 and a 200 day simple moving average of $29.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $274.58 million, a P/E ratio of 11.47 and a beta of 0.35.

First Community (NASDAQ:FCCO) last issued its earnings results on Wednesday, April 22nd. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.64 by $0.08. First Community had a return on equity of 14.19% and a net margin of 17.29%.The business had revenue of $23.16 million during the quarter, compared to the consensus estimate of $23.61 million. On average, equities research analysts predict that First Community Corporation will post 2.97 EPS for the current fiscal year.

First Community Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, May 5th. This represents a $0.64 annualized dividend and a yield of 2.2%. First Community’s dividend payout ratio (DPR) is currently 25.10%.

Institutional Trading of First Community

Several institutional investors and hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC raised its holdings in shares of First Community by 1.8% in the 4th quarter. Anchor Investment Management LLC now owns 33,046 shares of the bank’s stock valued at $980,000 after acquiring an additional 592 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of First Community by 5.6% in the 4th quarter. Empowered Funds LLC now owns 13,232 shares of the bank’s stock valued at $392,000 after acquiring an additional 700 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of First Community by 3.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 22,869 shares of the bank’s stock valued at $678,000 after acquiring an additional 700 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of First Community by 116.2% in the 3rd quarter. Federated Hermes Inc. now owns 1,405 shares of the bank’s stock valued at $40,000 after acquiring an additional 755 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of First Community in the 3rd quarter valued at about $26,000. Hedge funds and other institutional investors 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.