First Community (NASDAQ:FCCO) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of First Community Corporation (NASDAQ:FCCO) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.70 and traded as high as $28.77. First Community shares last traded at $28.40, with a volume of 54,778 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FCCO shares. Hovde Group boosted their target price on shares of First Community from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of First Community in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, First Community presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

First Community Trading Down 1.3%

The firm has a 50-day moving average of $29.54 and a two-hundred day moving average of $28.71. The firm has a market capitalization of $215.63 million, a P/E ratio of 11.35 and a beta of 0.38. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.09.

First Community (NASDAQ:FCCO) last released its earnings results on Wednesday, January 28th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $20.60 million for the quarter, compared to analysts’ expectations of $20.25 million. First Community had a return on equity of 12.96% and a net margin of 16.85%. On average, analysts anticipate that First Community Corporation will post 2.28 EPS for the current year.

First Community Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.64 annualized dividend and a dividend yield of 2.3%. First Community’s payout ratio is 25.91%.

Hedge Funds Weigh In On First Community

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in First Community in the third quarter valued at approximately $26,000. CWM LLC acquired a new position in shares of First Community during the third quarter worth $31,000. BNP Paribas Financial Markets increased its holdings in shares of First Community by 324.2% during the second quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock worth $33,000 after buying an additional 1,031 shares in the last quarter. Federated Hermes Inc. lifted its stake 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 during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in shares of First Community in the 2nd quarter valued at $41,000. Institutional investors own 61.25% of the company’s stock.

First Community Company Profile

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.