Shares of First Community Co. (NASDAQ:FCCO) have received an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $18.10.
Several brokerages have recently commented on FCCO. Raymond James boosted their target price on First Community from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, January 21st. Zacks Investment Research upgraded shares of First Community from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Thursday, January 28th.
Several large investors have recently bought and sold shares of FCCO. BlackRock Inc. increased its holdings in First Community by 15.3% in the fourth quarter. BlackRock Inc. now owns 356,601 shares of the bank’s stock valued at $6,059,000 after purchasing an additional 47,302 shares during the last quarter. Banc Funds Co. LLC boosted its holdings in First Community by 671.0% during the fourth quarter. Banc Funds Co. LLC now owns 245,290 shares of the bank’s stock worth $4,167,000 after buying an additional 213,477 shares during the last quarter. BHZ Capital Management LP boosted its holdings in First Community by 15.5% during the fourth quarter. BHZ Capital Management LP now owns 68,409 shares of the bank’s stock worth $1,162,000 after buying an additional 9,160 shares during the last quarter. Firethorn Wealth Partners LLC bought a new position in First Community during the fourth quarter worth about $541,000. Finally, Renaissance Technologies LLC boosted its holdings in First Community by 12.6% during the fourth quarter. Renaissance Technologies LLC now owns 125,069 shares of the bank’s stock worth $2,125,000 after buying an additional 14,000 shares during the last quarter. Institutional investors and hedge funds own 52.25% of the company’s stock.
First Community (NASDAQ:FCCO) last announced its earnings results on Tuesday, January 19th. The bank reported $0.46 EPS for the quarter, topping the consensus estimate of $0.34 by $0.12. The business had revenue of $14.29 million for the quarter, compared to the consensus estimate of $13.68 million. First Community had a return on equity of 7.36% and a net margin of 16.65%. On average, equities analysts forecast that First Community will post 1.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Tuesday, February 2nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.54%. The ex-dividend date was Monday, February 1st. This is a boost from First Community’s previous quarterly dividend of $0.06. First Community’s payout ratio is 33.10%.
About First Community
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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