Equities analysts expect First Community Co. (NASDAQ:FCCO) to report sales of $12.14 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Community’s earnings, with estimates ranging from $12.10 million to $12.18 million. First Community reported sales of $11.85 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.4%. The company is expected to issue its next earnings report on Wednesday, July 17th.
On average, analysts expect that First Community will report full-year sales of $48.64 million for the current fiscal year, with estimates ranging from $48.20 million to $49.08 million. For the next financial year, analysts forecast that the firm will report sales of $51.06 million, with estimates ranging from $50.00 million to $52.12 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for First Community.
First Community (NASDAQ:FCCO) last announced its quarterly earnings results on Wednesday, April 17th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $11.53 million for the quarter, compared to analyst estimates of $11.74 million. First Community had a net margin of 21.47% and a return on equity of 10.09%.
FCCO stock traded down $0.10 during trading on Friday, hitting $18.30. The company had a trading volume of 4,988 shares, compared to its average volume of 12,866. The company has a market capitalization of $141.04 million, a P/E ratio of 12.62 and a beta of 0.85. First Community has a fifty-two week low of $17.82 and a fifty-two week high of $26.25. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.14.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, April 29th. First Community’s payout ratio is currently 30.34%.
A number of hedge funds have recently bought and sold shares of the stock. Northern Trust Corp lifted its holdings in First Community by 1.0% in the fourth quarter. Northern Trust Corp now owns 67,759 shares of the bank’s stock worth $1,317,000 after purchasing an additional 663 shares during the period. Acadian Asset Management LLC lifted its holdings in First Community by 4.5% in the first quarter. Acadian Asset Management LLC now owns 27,638 shares of the bank’s stock worth $527,000 after purchasing an additional 1,181 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in First Community by 514.2% in the first quarter. BNP Paribas Arbitrage SA now owns 1,517 shares of the bank’s stock worth $29,000 after purchasing an additional 1,270 shares during the period. JPMorgan Chase & Co. lifted its holdings in First Community by 10.4% in the first quarter. JPMorgan Chase & Co. now owns 14,979 shares of the bank’s stock worth $285,000 after purchasing an additional 1,413 shares during the period. Finally, Abacus Planning Group Inc. lifted its holdings in First Community by 14.6% in the fourth quarter. Abacus Planning Group Inc. now owns 12,674 shares of the bank’s stock worth $416,000 after purchasing an additional 1,610 shares during the period. 53.80% of the stock is 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, professional concerns, and individuals. The company operates through four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.
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