$11.92 Million in Sales Expected for First Community Co. (NASDAQ:FCCO) This Quarter

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%.

FCCO has been the topic of several research reports. DA Davidson initiated coverage on First Community in a research report on Tuesday, August 20th. They issued a “neutral” rating and a $20.50 target price on the stock. Zacks Investment Research raised First Community from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research report on Friday, October 18th. Finally, ValuEngine raised First Community from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

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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Earnings History and Estimates for First Community (NASDAQ:FCCO)

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