First Community Co. (FCCO) Receives Consensus Recommendation of “Hold” from Analysts

First Community Co. (NASDAQ:FCCO) has been given an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Analysts have set a twelve-month consensus target price of $23.00 for the company and are forecasting that the company will post $0.37 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Community an industry rank of 166 out of 255 based on the ratings given to related companies.

A number of research firms have recently commented on FCCO. Zacks Investment Research downgraded First Community from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. ValuEngine downgraded First Community from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd.

NASDAQ FCCO opened at $21.38 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.14. The company has a market cap of $162.60 million, a PE ratio of 19.61 and a beta of 0.50. First Community has a one year low of $20.33 and a one year high of $26.25.

First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, October 17th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $11.73 million for the quarter, compared to the consensus estimate of $12.02 million. First Community had a net margin of 18.52% and a return on equity of 10.04%. On average, sell-side analysts expect that First Community will post 1.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Tuesday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, October 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.87%. First Community’s dividend payout ratio is currently 36.70%.

In related news, CFO Joseph G. Sawyer sold 5,113 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $25.55, for a total value of $130,637.15. Following the completion of the sale, the chief financial officer now directly owns 34,219 shares in the company, valued at $874,295.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 7.38% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of FCCO. Macquarie Group Ltd. bought a new stake in First Community in the second quarter worth $103,000. Raymond James Financial Services Advisors Inc. bought a new stake in First Community in the second quarter worth $214,000. First Trust Advisors LP bought a new stake in First Community in the third quarter worth $260,000. Millennium Management LLC lifted its position in First Community by 20.1% in the first 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 last quarter. Finally, Brown Advisory Inc. bought a new stake in First Community in the first quarter worth $303,000. Institutional investors own 52.18% of the company’s stock.

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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