First Community (FCCO) to Release Earnings on Wednesday

First Community (NASDAQ:FCCO) is scheduled to issue its quarterly earnings data on Wednesday, April 17th.

First Community (NASDAQ:FCCO) last issued its earnings results on Wednesday, January 24th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. First Community had a net margin of 14.25% and a return on equity of 9.43%. The firm had revenue of $23.51 million during the quarter, compared to analysts’ expectations of $14.93 million. During the same quarter last year, the company posted $0.53 earnings per share. On average, analysts expect First Community to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Community Trading Down 3.1 %

Shares of First Community stock opened at $15.88 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.78 and a quick ratio of 0.77. The firm has a fifty day moving average price of $16.95 and a 200 day moving average price of $17.97. First Community has a 1 year low of $15.61 and a 1 year high of $22.00. The stock has a market cap of $121.16 million, a PE ratio of 10.31 and a beta of 0.43.

First Community Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were issued a $0.14 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.56 dividend on an annualized basis and a yield of 3.53%. First Community’s payout ratio is 36.36%.

Wall Street Analysts Forecast Growth

FCCO has been the subject of a number of recent analyst reports. Raymond James raised shares of First Community from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Thursday, January 25th. StockNews.com raised shares of First Community from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th.

Hedge Funds Weigh In On First Community

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG boosted its position in First Community by 314.7% during the third quarter. UBS Group AG now owns 1,833 shares of the bank’s stock worth $32,000 after acquiring an additional 1,391 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its position in First Community by 4,253.3% during the second quarter. BNP Paribas Arbitrage SNC now owns 1,959 shares of the bank’s stock worth $34,000 after acquiring an additional 1,914 shares during the last quarter. Citigroup Inc. acquired a new position in First Community during the second quarter worth about $38,000. California State Teachers Retirement System acquired a new position in First Community during the second quarter worth about $43,000. Finally, MetLife Investment Management LLC acquired a new position in First Community during the second quarter worth about $70,000. 61.25% of the stock is currently owned by institutional investors and hedge funds.

First Community Company Profile

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, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.