First Community (NASDAQ:FCCO) Share Price Crosses Above 200-Day Moving Average – What’s Next?

First Community Co. (NASDAQ:FCCO) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.66 and traded as high as $24.46. First Community shares last traded at $24.46, with a volume of 7,698 shares trading hands.

First Community Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $186.06 million, a price-to-earnings ratio of 14.41 and a beta of 0.40. The company’s 50 day simple moving average is $24.60 and its two-hundred day simple moving average is $21.70.

First Community (NASDAQ:FCCO) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $26.73 million for the quarter, compared to the consensus estimate of $16.65 million. First Community had a net margin of 12.99% and a return on equity of 9.57%. During the same period in the prior year, the business posted $0.23 earnings per share. Research analysts expect that First Community Co. will post 1.76 EPS for the current fiscal year.

First Community Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, October 29th were paid a $0.15 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $0.60 annualized dividend and a dividend yield of 2.46%. First Community’s payout ratio is 35.50%.

Hedge Funds Weigh In On First Community

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fourthstone LLC increased its stake in shares of First Community by 28.9% during the 3rd quarter. Fourthstone LLC now owns 400,225 shares of the bank’s stock worth $8,581,000 after purchasing an additional 89,652 shares during the last quarter. Strategic Value Bank Partners LLC increased its position in First Community by 0.3% during the second quarter. Strategic Value Bank Partners LLC now owns 291,998 shares of the bank’s stock worth $5,037,000 after buying an additional 975 shares during the last quarter. Independent Advisor Alliance raised its holdings in First Community by 0.7% during the third quarter. Independent Advisor Alliance now owns 105,945 shares of the bank’s stock valued at $2,271,000 after buying an additional 690 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of First Community by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 83,088 shares of the bank’s stock valued at $1,782,000 after acquiring an additional 5,157 shares during the last quarter. Finally, Asset Advisors Investment Management LLC raised its stake in shares of First Community by 48.1% in the 3rd quarter. Asset Advisors Investment Management LLC now owns 39,985 shares of the bank’s stock valued at $857,000 after acquiring an additional 12,985 shares in the last quarter. Institutional investors own 61.25% of the company’s stock.

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.