First Community Co. (NASDAQ:FCCO) announced a quarterly dividend on Thursday, July 19th, Wall Street Journal reports. Shareholders of record on Monday, July 30th will be paid a dividend of 0.10 per share by the bank on Monday, August 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Friday, July 27th.

First Community has raised its dividend payment by an average of 14.5% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. First Community has a dividend payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Community to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.5%.

Shares of First Community opened at $25.45 on Friday, reports. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 0.14. First Community has a 52 week low of $19.60 and a 52 week high of $26.25. The company has a market capitalization of $193.44 million, a price-to-earnings ratio of 19.58 and a beta of 0.65.

First Community (NASDAQ:FCCO) last announced its quarterly earnings data on Wednesday, July 18th. The bank reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. First Community had a return on equity of 9.78% and a net margin of 17.48%. The firm had revenue of $11.85 million during the quarter, compared to analysts’ expectations of $11.65 million. research analysts predict that First Community will post 1.52 EPS for the current year.

FCCO has been the subject of a number of research reports. Zacks Investment Research raised First Community from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Friday. ValuEngine raised First Community from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th.

In other news, insider Michael C. Crapps sold 1,262 shares of the firm’s stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $23.00, for a total value of $29,026.00. Following the transaction, the insider now owns 68,196 shares in the company, valued at $1,568,508. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.38% of the stock is owned by company insiders.

First Community Company Profile

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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Dividend History for First Community (NASDAQ:FCCO)

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