First Community (NASDAQ:FCCO) Posts Quarterly Earnings Results, Hits Estimates

First Community (NASDAQ:FCCO) issued its earnings results on Wednesday. The bank reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34, Yahoo Finance reports. First Community had a net margin of 14.25% and a return on equity of 9.43%.

First Community Stock Up 1.0 %

FCCO stock opened at $15.95 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.80. First Community has a twelve month low of $15.40 and a twelve month high of $22.00. The company’s 50 day moving average is $16.85 and its two-hundred day moving average is $17.93. The stock has a market cap of $121.70 million, a P/E ratio of 10.36 and a beta of 0.43.

First Community Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.56 annualized dividend and a yield of 3.51%. First Community’s dividend payout ratio (DPR) is 36.36%.

Institutional Trading of First Community

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCCO. UBS Group AG raised its holdings in First Community by 314.7% during the third quarter. UBS Group AG now owns 1,833 shares of the bank’s stock worth $32,000 after purchasing an additional 1,391 shares in the last quarter. BNP Paribas Arbitrage SNC raised its holdings in First Community by 4,253.3% during the second quarter. BNP Paribas Arbitrage SNC now owns 1,959 shares of the bank’s stock worth $34,000 after purchasing an additional 1,914 shares in the last quarter. Citigroup Inc. acquired a new stake in First Community during the second quarter worth approximately $38,000. California State Teachers Retirement System acquired a new stake in First Community during the second quarter worth approximately $43,000. Finally, MetLife Investment Management LLC acquired a new stake in First Community during the second quarter worth approximately $70,000. Institutional investors and hedge funds own 61.25% of the company’s stock.

Wall Street Analysts Forecast Growth

FCCO has been the topic of several analyst reports. StockNews.com raised shares of First Community from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Raymond James raised shares of First Community from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Thursday, January 25th.

First Community Company Profile

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.