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

Shares of 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 $28.75 and traded as high as $29.25. First Community shares last traded at $28.25, with a volume of 86,508 shares changing hands.

Wall Street Analysts Forecast Growth

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

First Community Stock Down 1.0%

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 firm’s 50-day moving average price is $29.45 and its 200 day moving average price is $28.75. The firm has a market cap of $217.24 million, a P/E ratio of 11.44 and a beta of 0.38.

First Community (NASDAQ:FCCO) last posted its earnings results 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 analyst estimates of $20.25 million. First Community had a net margin of 16.85% and a return on equity of 12.96%. As a group, research analysts expect that First Community Corporation will post 2.28 earnings per share for the current year.

First Community Dividend Announcement

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

Institutional Trading of First Community

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of First Community during the 3rd quarter worth $26,000. CWM LLC purchased a new stake in First Community during the third quarter valued at about $31,000. BNP Paribas Financial Markets lifted its stake 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 buying an additional 1,031 shares in the last quarter. Federated Hermes Inc. boosted its holdings 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 buying an additional 755 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of First Community in the second quarter worth about $41,000. 61.25% of the stock is currently owned by institutional investors.

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.