Zacks: Analysts Anticipate First Community Co. (NASDAQ:FCCO) Will Announce Earnings of $0.36 Per Share
Equities research analysts expect that First Community Co. (NASDAQ:FCCO) will report earnings per share of $0.36 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for First Community’s earnings, with estimates ranging from $0.35 to $0.37. First Community posted earnings per share of $0.39 during the same quarter last year, which indicates a negative year-over-year growth rate of 7.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, July 17th.
On average, analysts expect that First Community will report full-year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.43. For the next financial year, analysts anticipate that the firm will post earnings of $1.47 per share, with EPS estimates ranging from $1.40 to $1.53. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow First Community.
First Community (NASDAQ:FCCO) last released its earnings results on Wednesday, April 17th. The bank reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The business had revenue of $11.53 million during the quarter, compared to analyst estimates of $11.74 million. First Community had a net margin of 21.47% and a return on equity of 9.92%.
First Community stock traded up $0.43 during trading on Thursday, hitting $19.36. The company’s stock had a trading volume of 40,512 shares, compared to its average volume of 28,108. The stock has a market capitalization of $146.94 million, a PE ratio of 13.35 and a beta of 0.85. The stock has a fifty day moving average price of $18.50. First Community has a 1-year low of $17.08 and a 1-year high of $26.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.80 and a quick ratio of 0.79.
A number of institutional investors have recently added to or reduced their stakes in FCCO. Northern Trust Corp increased its stake in First Community by 1.0% during the fourth quarter. Northern Trust Corp now owns 67,759 shares of the bank’s stock worth $1,317,000 after acquiring an additional 663 shares during the last quarter. Acadian Asset Management LLC increased its stake in First Community by 4.5% during the first quarter. Acadian Asset Management LLC now owns 27,638 shares of the bank’s stock worth $527,000 after acquiring an additional 1,181 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in First Community by 514.2% during the first quarter. BNP Paribas Arbitrage SA now owns 1,517 shares of the bank’s stock worth $29,000 after acquiring an additional 1,270 shares during the last quarter. Abacus Planning Group Inc. increased its stake in First Community by 14.6% during the fourth quarter. Abacus Planning Group Inc. now owns 12,674 shares of the bank’s stock worth $416,000 after acquiring an additional 1,610 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in First Community by 19.1% during the fourth quarter. First Trust Advisors LP now owns 12,792 shares of the bank’s stock worth $249,000 after acquiring an additional 2,050 shares during the last quarter. Hedge funds and other institutional investors own 53.40% of the company’s stock.
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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