First Community Co. to Issue Quarterly Dividend of $0.12 (NASDAQ:FCCO)

First Community Co. (NASDAQ:FCCO) declared a quarterly dividend on Thursday, April 22nd, Wall Street Journal reports. Stockholders of record on Tuesday, May 4th will be given a dividend of 0.12 per share by the bank on Tuesday, May 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, May 3rd.

First Community has raised its dividend payment by 33.3% over the last three years and has raised its dividend every year for the last 1 years. First Community has a dividend payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Community to earn $1.16 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 41.4%.

NASDAQ FCCO opened at $18.40 on Friday. The stock has a market cap of $138.50 million, a PE ratio of 14.72 and a beta of 0.80. First Community has a fifty-two week low of $12.23 and a fifty-two week high of $22.00. The business has a 50 day moving average price of $19.72 and a two-hundred day moving average price of $17.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.11.

First Community (NASDAQ:FCCO) last released its earnings results on Tuesday, April 20th. The bank reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. First Community had a return on equity of 7.36% and a net margin of 16.65%. Sell-side analysts anticipate that First Community will post 1.18 EPS for the current fiscal year.

A number of brokerages have recently commented on FCCO. Raymond James raised their price target on First Community from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, January 21st. Zacks Investment Research upgraded First Community from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research report on Thursday, January 28th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $18.38.

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.

See Also: Holder of Record

Dividend History for First Community (NASDAQ:FCCO)

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