Equities research analysts expect that First Community Co. (NASDAQ:FCCO) will announce $11.92 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for First Community’s earnings, with the highest sales estimate coming in at $12.00 million and the lowest estimate coming in at $11.87 million. First Community reported sales of $11.65 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.3%. The business is expected to report its next quarterly earnings results on Wednesday, January 15th.
On average, analysts expect that First Community will report full year sales of $48.00 million for the current financial year, with estimates ranging from $47.60 million to $48.30 million. For the next financial year, analysts forecast that the company will post sales of $48.97 million, with estimates ranging from $48.40 million to $49.64 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover First Community.
First Community (NASDAQ:FCCO) last issued its earnings results on Wednesday, October 16th. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The business had revenue of $12.47 million for the quarter, compared to analyst estimates of $12.09 million. First Community had a return on equity of 9.42% and a net margin of 20.48%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Asset Advisors Investment Management LLC raised its position in shares of First Community by 3.7% in the 2nd quarter. Asset Advisors Investment Management LLC now owns 56,434 shares of the bank’s stock worth $1,045,000 after buying an additional 2,000 shares during the period. Capital Investment Advisory Services LLC raised its position in First Community by 386.0% in the second quarter. Capital Investment Advisory Services LLC now owns 2,673 shares of the bank’s stock valued at $52,000 after purchasing an additional 2,123 shares during the period. First Trust Advisors LP raised its position in First Community by 22.2% in the third quarter. First Trust Advisors LP now owns 15,771 shares of the bank’s stock valued at $307,000 after purchasing an additional 2,864 shares during the period. Acadian Asset Management LLC raised its position in First Community by 11.7% in the second quarter. Acadian Asset Management LLC now owns 30,873 shares of the bank’s stock valued at $571,000 after purchasing an additional 3,235 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in First Community in the third quarter valued at about $146,000. 50.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of FCCO traded up $0.62 during trading hours on Wednesday, hitting $21.15. The stock had a trading volume of 6,511 shares, compared to its average volume of 19,393. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.77 and a current ratio of 0.79. The firm has a market cap of $156.43 million, a P/E ratio of 14.59 and a beta of 0.91. The company’s fifty day simple moving average is $19.67 and its 200 day simple moving average is $18.94. First Community has a 12-month low of $17.08 and a 12-month high of $23.84.
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Wednesday, October 30th. First Community’s dividend payout ratio (DPR) is currently 30.34%.
About First Community
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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