Zacks: Analysts Anticipate First Community Co. (NASDAQ:FCCO) to Post $0.47 EPS

Wall Street analysts expect that First Community Co. (NASDAQ:FCCOGet Rating) will report earnings of $0.47 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for First Community’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.44. First Community also reported earnings of $0.47 per share in the same quarter last year. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that First Community will report full year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.85 to $2.08. For the next fiscal year, analysts expect that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.85 to $2.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for First Community.

First Community (NASDAQ:FCCOGet Rating) last announced its quarterly earnings data on Wednesday, April 20th. The bank reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. First Community had a net margin of 25.18% and a return on equity of 11.23%.

Several analysts recently commented on the stock. Raymond James downgraded shares of First Community from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 20th. Zacks Investment Research raised shares of First Community from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, March 31st. Finally, StockNews.com assumed coverage on shares of First Community in a report on Tuesday. They issued a “hold” rating on the stock.

FCCO stock traded up $0.14 during trading on Friday, hitting $20.35. 1,764 shares of the stock traded hands, compared to its average volume of 8,431. First Community has a 1 year low of $18.00 and a 1 year high of $23.42. The firm’s 50 day moving average is $20.89 and its two-hundred day moving average is $20.83. The stock has a market cap of $153.87 million, a price-to-earnings ratio of 9.93 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.66 and a quick ratio of 0.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 17th. Investors of record on Tuesday, May 3rd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, May 2nd. First Community’s payout ratio is 25.37%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Maltese Capital Management LLC raised its stake in First Community by 0.7% during the 4th quarter. Maltese Capital Management LLC now owns 99,339 shares of the bank’s stock worth $2,074,000 after acquiring an additional 683 shares during the period. Royal Bank of Canada raised its position in shares of First Community by 167.0% during the second quarter. Royal Bank of Canada now owns 1,781 shares of the bank’s stock valued at $36,000 after buying an additional 1,114 shares during the last quarter. BHZ Capital Management LP raised its position in shares of First Community by 2.1% during the fourth quarter. BHZ Capital Management LP now owns 74,068 shares of the bank’s stock valued at $1,546,000 after buying an additional 1,553 shares during the last quarter. CWM LLC bought a new stake in shares of First Community during the fourth quarter valued at approximately $78,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of First Community by 1.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 405,052 shares of the bank’s stock valued at $8,409,000 after buying an additional 4,780 shares during the last quarter. Institutional investors own 51.60% of the company’s stock.

First Community Company Profile (Get Rating)

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 Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.

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

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