First Community (NASDAQ:FCCO) Stock Passes Above 200 Day Moving Average – Here’s What Happened

First Community Corporation (NASDAQ:FCCO) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.26 and traded as high as $30.02. First Community shares last traded at $29.61, with a volume of 34,262 shares traded.

Wall Street Analysts Forecast Growth

FCCO has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Community in a research note on Wednesday, October 8th. Zacks Research lowered shares of First Community from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $29.67.

First Community Stock Performance

The firm has a market cap of $227.70 million, a PE ratio of 12.34 and a beta of 0.38. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $28.79 and a two-hundred day simple moving average of $27.26.

First Community (NASDAQ:FCCO) last released its earnings results on Friday, April 30th. The bank reported $0.43 EPS for the quarter. The company had revenue of $13.86 million for the quarter. First Community had a return on equity of 12.46% and a net margin of 16.69%. As a group, equities research analysts forecast that First Community Corporation will post 2.28 earnings per share for the current year.

First Community Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Tuesday, November 4th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, November 4th. First Community’s payout ratio is presently 26.67%.

Institutional Investors Weigh In On First Community

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in First Community in the third quarter valued at approximately $26,000. CWM LLC bought a new stake in First Community in the 3rd quarter valued at about $31,000. BNP Paribas Financial Markets lifted its holdings in First Community by 324.2% during the second quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,031 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of First Community by 116.2% in the third quarter. Federated Hermes Inc. now owns 1,405 shares of the bank’s stock worth $40,000 after purchasing an additional 755 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in shares of First Community in the second quarter worth about $41,000. Institutional investors own 61.25% of the company’s stock.

About First Community

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.