Zacks: Brokerages Expect First Community Co. (NASDAQ:FCCO) Will Post Quarterly Sales of $14.66 Million

Equities analysts expect that First Community Co. (NASDAQ:FCCOGet Rating) will report sales of $14.66 million for the current quarter, according to Zacks. Three analysts have provided estimates for First Community’s earnings. The highest sales estimate is $14.80 million and the lowest is $14.57 million. First Community reported sales of $14.51 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that First Community will report full year sales of $59.35 million for the current fiscal year, with estimates ranging from $58.67 million to $60.17 million. For the next financial year, analysts anticipate that the business will report sales of $63.74 million, with estimates ranging from $62.16 million to $65.25 million. Zacks’ sales calculations are an average based on a survey of research firms that follow First Community.

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

Several equities research analysts have issued reports on the company. StockNews.com assumed coverage on First Community in a research note on Tuesday, April 19th. They set a “hold” rating for the company. Raymond James lowered First Community from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 20th. Finally, Zacks Investment Research raised First Community from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, March 31st.

First Community stock opened at $20.35 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.66 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $20.88 and a 200 day simple moving average of $20.84. First Community has a 52 week low of $18.00 and a 52 week high of $23.42. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, May 17th. Stockholders of record on Tuesday, May 3rd will be paid 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 dividend payout ratio (DPR) is presently 25.37%.

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

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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