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

First Community Corporation (NASDAQ:FCCO)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.56 and traded as high as $27.76. First Community shares last traded at $27.38, with a volume of 19,946 shares.

First Community Price Performance

The firm has a market cap of $210.28 million, a PE ratio of 12.28 and a beta of 0.50. The stock’s fifty day moving average price is $26.90 and its 200-day moving average price is $24.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.77.

First Community (NASDAQ:FCCO) last released its earnings results on Wednesday, July 23rd. The bank reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. The business had revenue of $19.53 million during the quarter, compared to analyst estimates of $18.56 million. First Community had a net margin of 15.87% and a return on equity of 11.65%. As a group, equities analysts expect that First Community Corporation will post 2.28 EPS for the current fiscal year.

First Community Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 5th were issued a $0.16 dividend. This is an increase from First Community’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, August 5th. This represents a $0.64 annualized dividend and a yield of 2.3%. First Community’s payout ratio is presently 28.70%.

Insider Transactions at First Community

In related news, Director Roderick M. Todd, Jr. sold 1,679 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $28.00, for a total value of $47,012.00. Following the sale, the director directly owned 11,866 shares in the company, valued at approximately $332,248. The trade was a 12.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.92% of the company’s stock.

Institutional Trading of First Community

A number of institutional investors and hedge funds have recently bought and sold shares of FCCO. OMERS ADMINISTRATION Corp acquired a new position in shares of First Community during the first quarter worth about $566,000. Cubist Systematic Strategies LLC boosted its holdings in First Community by 206.5% in the first quarter. Cubist Systematic Strategies LLC now owns 19,524 shares of the bank’s stock valued at $440,000 after purchasing an additional 13,155 shares in the last quarter. Two Sigma Investments LP boosted its holdings in First Community by 79.7% in the fourth quarter. Two Sigma Investments LP now owns 39,517 shares of the bank’s stock valued at $948,000 after purchasing an additional 17,532 shares in the last quarter. American Century Companies Inc. acquired a new position in First Community in the first quarter valued at approximately $456,000. Finally, Squarepoint Ops LLC acquired a new position in First Community in the fourth quarter valued at approximately $284,000. 61.25% of the stock is currently owned by hedge funds and other institutional investors.

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.