First Community (NASDAQ:FCCO) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

First Community Corporation (NASDAQ:FCCO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.70 and traded as high as $28.77. First Community shares last traded at $28.40, with a volume of 54,778 shares trading hands.

Analyst Upgrades and Downgrades

FCCO has been the topic of several recent analyst reports. Hovde Group boosted their price target on First Community from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of First Community in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

First Community Stock Performance

The company has a fifty day moving average of $29.60 and a two-hundred day moving average of $28.70. The firm has a market capitalization of $218.40 million, a price-to-earnings ratio of 11.50 and a beta of 0.38. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.78 and a current ratio of 0.78.

First Community (NASDAQ:FCCO) last posted its quarterly earnings data on Wednesday, January 28th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $20.60 million during the quarter, compared to the consensus estimate of $20.25 million. First Community had a net margin of 16.85% and a return on equity of 12.96%. As a group, equities research analysts predict that First Community Corporation will post 2.28 earnings per share for the current fiscal year.

First Community Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.64 annualized dividend and a yield of 2.3%. First Community’s dividend payout ratio is currently 25.91%.

Institutional Trading of First Community

Large investors have recently made changes to their positions in the company. Millennium Management LLC grew its stake in shares of First Community by 115.5% during the first quarter. Millennium Management LLC now owns 195,527 shares of the bank’s stock worth $4,411,000 after buying an additional 104,796 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of First Community by 1,230.5% during the first quarter. Jones Financial Companies Lllp now owns 12,640 shares of the bank’s stock valued at $285,000 after acquiring an additional 11,690 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of First Community by 199.8% during the first quarter. Goldman Sachs Group Inc. now owns 90,919 shares of the bank’s stock worth $2,051,000 after purchasing an additional 60,596 shares during the period. Empowered Funds LLC lifted its holdings in First Community by 7.7% during the 1st quarter. Empowered Funds LLC now owns 10,080 shares of the bank’s stock worth $227,000 after buying an additional 721 shares during the period. Finally, Jane Street Group LLC grew its position in shares of First Community by 63.7% in the 1st quarter. Jane Street Group LLC now owns 51,323 shares of the bank’s stock valued at $1,158,000 after buying an additional 19,978 shares during the last quarter. Institutional investors and hedge funds 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.