First Community (NASDAQ:FCCO) Shares Cross Above 200-Day Moving Average – Here’s What Happened

First Community Corporation (NASDAQ:FCCO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.52 and traded as high as $30.22. First Community shares last traded at $29.47, with a volume of 51,028 shares trading hands.

Analysts Set New Price Targets

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

First Community Price Performance

The firm has a 50-day simple moving average of $29.12 and a 200-day simple moving average of $27.52. The firm has a market cap of $226.62 million, a P/E ratio of 12.28 and a beta of 0.38. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.09.

First Community (NASDAQ:FCCO) last released its quarterly earnings results on Wednesday, October 22nd. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. First Community had a return on equity of 12.46% and a net margin of 16.69%.The firm had revenue of $20.29 million during the quarter, compared to analyst estimates of $19.77 million. As a group, analysts forecast that First Community Corporation will post 2.28 EPS for the current year.

First Community Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in First Community during the third quarter valued at approximately $26,000. CWM LLC acquired a new position in shares of First Community during the third quarter worth $31,000. BNP Paribas Financial Markets lifted its holdings in shares of First Community by 324.2% during the 2nd 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. boosted its position in shares of First Community by 116.2% in the 3rd 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 First Community during the 2nd quarter worth $41,000. Institutional investors own 61.25% of the company’s stock.

First Community Company Profile

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.