Analysts Offer Predictions for First Community Co.’s Q3 2020 Earnings (NASDAQ:FCCO)

First Community Co. (NASDAQ:FCCO) – Equities research analysts at DA Davidson issued their Q3 2020 earnings per share estimates for First Community in a research note issued to investors on Tuesday, July 28th. DA Davidson analyst K. Fitzsimmons forecasts that the bank will post earnings of $0.28 per share for the quarter. DA Davidson currently has a “Buy” rating and a $17.50 target price on the stock. DA Davidson also issued estimates for First Community’s FY2020 earnings at $1.18 EPS.

First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.10. First Community had a net margin of 17.35% and a return on equity of 7.93%. The firm had revenue of $13.13 million for the quarter, compared to the consensus estimate of $12.45 million.

Other equities analysts also recently issued reports about the stock. Hovde Group upgraded shares of First Community from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $18.00 to $17.00 in a report on Monday, April 27th. ValuEngine upgraded shares of First Community from a “sell” rating to a “hold” rating in a research note on Thursday, April 30th. Zacks Investment Research upgraded shares of First Community from a “sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Stephens assumed coverage on shares of First Community in a research note on Monday, April 20th. They issued an “equal weight” rating and a $16.00 price target on the stock. Finally, Raymond James assumed coverage on shares of First Community in a research note on Monday, July 27th. They issued an “outperform” rating and a $16.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. First Community presently has a consensus rating of “Buy” and an average price target of $17.90.

NASDAQ:FCCO opened at $13.40 on Friday. First Community has a one year low of $12.51 and a one year high of $22.00. The company has a market cap of $99.96 million, a P/E ratio of 10.39 and a beta of 0.83. The firm’s fifty day moving average price is $14.62 and its two-hundred day moving average price is $16.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.78 and a quick ratio of 0.77.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Penn Capital Management Co. Inc. lifted its holdings in shares of First Community by 9.6% in the first quarter. Penn Capital Management Co. Inc. now owns 128,507 shares of the bank’s stock worth $2,020,000 after acquiring an additional 11,242 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of First Community by 22.7% in the first quarter. Wells Fargo & Company MN now owns 15,919 shares of the bank’s stock worth $250,000 after acquiring an additional 2,948 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of First Community by 6.9% in the first quarter. The Manufacturers Life Insurance Company now owns 629,999 shares of the bank’s stock worth $9,904,000 after acquiring an additional 40,649 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in First Community by 17.2% in the 1st quarter. Bank of New York Mellon Corp now owns 11,070 shares of the bank’s stock valued at $174,000 after buying an additional 1,628 shares during the last quarter. Finally, UBS Group AG bought a new position in First Community in the 4th quarter valued at approximately $28,000. 49.40% of the stock is owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a dividend of $0.12 per share. The ex-dividend date is Friday, July 31st. This represents a $0.48 annualized dividend and a yield of 3.58%. First Community’s dividend payout ratio is 33.10%.

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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Earnings History and Estimates for First Community (NASDAQ:FCCO)

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