$10.68 Million in Sales Expected for First Community Corporation (FCCO) This Quarter
Wall Street analysts forecast that First Community Corporation (NASDAQ:FCCO) will report $10.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for First Community Corporation’s earnings, with the highest sales estimate coming in at $10.93 million and the lowest estimate coming in at $10.43 million. First Community Corporation posted sales of $8.99 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.8%. The firm is expected to report its next quarterly earnings results on Wednesday, January 17th.
According to Zacks, analysts expect that First Community Corporation will report full-year sales of $10.68 million for the current year, with estimates ranging from $38.90 million to $39.31 million. For the next financial year, analysts expect that the firm will report sales of $45.94 million per share, with estimates ranging from $45.60 million to $46.28 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for First Community Corporation.
First Community Corporation (NASDAQ:FCCO) last released its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). First Community Corporation had a net margin of 17.69% and a return on equity of 8.44%. The business had revenue of $9.65 million for the quarter, compared to analyst estimates of $9.79 million.
A number of research analysts have issued reports on FCCO shares. Zacks Investment Research upgraded shares of First Community Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. ValuEngine cut First Community Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 20th.
First Community Corporation (NASDAQ FCCO) traded down $0.05 during trading on Friday, reaching $23.10. 3,500 shares of the company’s stock were exchanged, compared to its average volume of 7,376. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. First Community Corporation has a 52 week low of $15.35 and a 52 week high of $24.50. The firm has a market cap of $155.25, a P/E ratio of 22.26 and a beta of 0.86.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.56%. First Community Corporation’s dividend payout ratio (DPR) is presently 34.62%.
In related news, Director George H. Fann, Jr. purchased 1,903 shares of the stock in a transaction dated Thursday, September 21st. The stock was bought at an average cost of $20.35 per share, with a total value of $38,726.05. Following the purchase, the director now directly owns 86,519 shares in the company, valued at approximately $1,760,661.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in First Community Corporation by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 390,962 shares of the bank’s stock worth $8,210,000 after purchasing an additional 7,919 shares in the last quarter. Janus Henderson Group PLC increased its stake in First Community Corporation by 136.9% during the 3rd quarter. Janus Henderson Group PLC now owns 128,725 shares of the bank’s stock worth $2,632,000 after purchasing an additional 74,397 shares in the last quarter. Geode Capital Management LLC bought a new stake in First Community Corporation during the 1st quarter worth approximately $1,146,000. Independent Advisor Alliance bought a new stake in First Community Corporation during the 3rd quarter worth approximately $904,000. Finally, Stifel Financial Corp increased its stake in First Community Corporation by 2.1% during the 2nd quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock worth $406,000 after purchasing an additional 406 shares in the last quarter. 46.98% of the stock is owned by institutional investors.
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First Community Corporation Company Profile
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.
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