Equities analysts predict that First Community Co. (NASDAQ:FCCO) will report sales of $11.65 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for First Community’s earnings. The lowest sales estimate is $11.59 million and the highest is $11.70 million. First Community reported sales of $9.69 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.2%. The company is scheduled to report its next earnings report on Wednesday, July 18th.
According to Zacks, analysts expect that First Community will report full year sales of $46.62 million for the current fiscal year, with estimates ranging from $46.40 million to $46.83 million. For the next fiscal year, analysts forecast that the company will report sales of $49.33 million per share, with estimates ranging from $48.70 million to $49.95 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for First Community.
First Community (NASDAQ:FCCO) last posted its quarterly earnings results on Wednesday, April 18th. The bank reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The company had revenue of $11.17 million for the quarter, compared to the consensus estimate of $10.83 million. First Community had a return on equity of 8.75% and a net margin of 15.38%.
Shares of First Community traded up $0.05, reaching $24.45, during trading hours on Monday, MarketBeat.com reports. The company had a trading volume of 21,245 shares, compared to its average volume of 16,727. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 0.14. The company has a market cap of $180.90 million, a P/E ratio of 22.48 and a beta of 0.69. First Community has a 1-year low of $19.50 and a 1-year high of $24.87.
In other news, insider Michael C. Crapps sold 1,262 shares of the stock in a transaction on Friday, April 27th. The stock was sold at an average price of $23.00, for a total value of $29,026.00. Following the transaction, the insider now owns 68,196 shares of the company’s stock, valued at approximately $1,568,508. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 7.38% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Millennium Management LLC raised its stake in First Community by 20.1% during the 1st quarter. Millennium Management LLC now owns 12,997 shares of the bank’s stock worth $298,000 after buying an additional 2,174 shares during the period. The Manufacturers Life Insurance Company raised its stake in First Community by 26.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 497,341 shares of the bank’s stock worth $11,389,000 after buying an additional 105,275 shares during the period. Elizabeth Park Capital Advisors Ltd. raised its stake in First Community by 19.0% during the 1st quarter. Elizabeth Park Capital Advisors Ltd. now owns 299,285 shares of the bank’s stock worth $6,854,000 after buying an additional 47,789 shares during the period. Stifel Financial Corp raised its stake in First Community by 9.5% during the 1st quarter. Stifel Financial Corp now owns 24,772 shares of the bank’s stock worth $568,000 after buying an additional 2,139 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in First Community by 139.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 34,145 shares of the bank’s stock worth $782,000 after buying an additional 19,885 shares during the period. 41.25% of the stock is currently 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Community Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Community and related companies with MarketBeat.com's FREE daily email newsletter.