Analysts expect that First Community Co. (NASDAQ: FCCO – Get Rating) will announce $ 14.39 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for First Community’s earnings. The highest sales estimate is $ 14.49 million and the lowest is $ 14.20 million. First Community reported sales of $ 14.51 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.8%. The firm is scheduled to announce its next earnings results on Monday, January 1st.
On average, analysts expect First Community to report full year sales of $ 58.97 million for the current financial year, with estimates ranging from $ 58.50 million to $ 59.84 million. For the next fiscal year, analysts forecast that the company will report sales of $ 64.61 million, with estimates ranging from $ 62.57 million to $ 66.46 million. Zacks’ sales calculations are an average based on a survey of analysts that follow First Community.
First Community (NASDAQ: FCCO – Get Rating) last released its quarterly earnings results on Wednesday, April 20th. The bank reported $ 0.46 EPS for the quarter, beating analysts’ consensus estimates of $ 0.43 by $ 0.03. First Community had a return on equity of 11.27% and a net margin of 25.54%.
A number of research analysts have recently issued reports on the company. Raymond James downgraded First Community from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 20th. StockNews.com assumed coverage on First Community in a research note on Friday. They issued a “hold” rating on the stock. Finally, Zacks Investment Research raised First Community from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd.
Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in First Community by 167.0% during the 2nd quarter. Royal Bank of Canada now owns 1,781 shares of the bank’s stock worth $ 36,000 after buying an additional 1,114 shares during the period. CWM LLC acquired a new position in First Community during the 4th quarter worth approximately $ 78,000. Two Sigma Advisers LP acquired a new position in First Community during the 3rd quarter worth approximately $ 257,000. Ancora Advisors LLC raised its stake in First Community by 20.7% during the 3rd quarter. Ancora Advisors LLC now owns 30,865 shares of the bank’s stock worth $ 611,000 after buying an additional 5,300 shares during the period. Finally, Salzhauer Michael raised its stake in First Community by 23.2% during the 4th quarter. Salzhauer Michael now owns 29,456 shares of the bank’s stock worth $ 615,000 after buying an additional 5,556 shares during the period. 56.67% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ FCCO opened at $ 18.73 on Friday. The business’s 50-day moving average price is $ 20.60 and its two-hundred day moving average price is $ 20.83. First Community has a 12 month low of $ 18.32 and a 12 month high of $ 23.42. The firm has a market capitalization of $ 141.60 million, a PE ratio of 9.00 and a beta of 0.66. The company has a current ratio of 0.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 17th. Stockholders of record on Tuesday, May 3rd will be paid a $ 0.13 dividend. This represents a $ 0.52 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, May 2nd. First Community’s dividend payout ratio is 25.00%.
First Community Company Profile (Get Rating)
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 Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.
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