First Community (NASDAQ:FCCO) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

First Community (NASDAQ:FCCO) announced its earnings results on Tuesday. The bank reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01, MarketWatch Earnings reports. First Community had a net margin of 19.79% and a return on equity of 8.67%.

NASDAQ FCCO traded up $0.05 during trading hours on Thursday, reaching $20.37. 454 shares of the company were exchanged, compared to its average volume of 71,843. First Community has a 1 year low of $12.23 and a 1 year high of $22.00. The firm has a 50 day simple moving average of $20.09. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market cap of $153.18 million, a PE ratio of 13.42 and a beta of 0.73.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 17th. Investors of record on Tuesday, August 3rd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.36%. First Community’s dividend payout ratio (DPR) is presently 35.56%.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of First Community from a “buy” rating to a “hold” rating in a report on Tuesday, June 29th. Raymond James raised their price objective on shares of First Community from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday.

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 Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.

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Earnings History for First Community (NASDAQ:FCCO)

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