Brokerages expect that First Community Co. (NASDAQ:FCCO – Get Rating) will post $14.39 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for First Community’s earnings, with the lowest sales estimate coming in at $14.20 million and the highest estimate coming in at $14.49 million. First Community posted sales of $14.51 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.8%. The firm is expected to issue its next earnings results on Monday, January 1st.
On average, analysts expect that First Community will report full-year sales of $58.97 million for the current year, with estimates ranging from $58.50 million to $59.84 million. For the next fiscal year, analysts anticipate that the company will post sales of $64.61 million, with estimates ranging from $62.57 million to $66.46 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover First Community.
First Community (NASDAQ:FCCO – Get Rating) last released its quarterly earnings results on Wednesday, April 20th. The bank reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. First Community had a return on equity of 11.56% and a net margin of 25.54%. The business had revenue of $14.11 million during the quarter, compared to analyst estimates of $14.21 million.
A number of hedge funds have recently bought and sold shares of FCCO. Royal Bank of Canada increased its position in First Community by 167.0% during the 2nd 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 in the last quarter. The Manufacturers Life Insurance Company increased its position in First Community by 2.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 400,272 shares of the bank’s stock valued at $7,925,000 after buying an additional 8,263 shares in the last quarter. Ancora Advisors LLC increased its position in First Community by 20.7% during the 3rd quarter. Ancora Advisors LLC now owns 30,865 shares of the bank’s stock valued at $611,000 after buying an additional 5,300 shares in the last quarter. Wellington Management Group LLP increased its position in First Community by 40.1% during the 3rd quarter. Wellington Management Group LLP now owns 315,983 shares of the bank’s stock valued at $6,304,000 after buying an additional 90,415 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of First Community in the 3rd quarter worth $257,000. 56.67% of the stock is owned by institutional investors.
Shares of NASDAQ:FCCO opened at $18.72 on Friday. First Community has a 52-week low of $18.01 and a 52-week high of $23.42. The firm has a market capitalization of $141.52 million, a P/E ratio of 9.00 and a beta of 0.66. The stock has a 50 day moving average price of $19.86 and a 200-day moving average price of $20.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.64 and a current ratio of 0.65.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Investors of record on Tuesday, May 3rd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Monday, May 2nd. First Community’s dividend payout ratio (DPR) is presently 25.00%.
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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