Analysts Expect First Community Corporation (FCCO) to Post $0.29 Earnings Per Share
First Community Corporation (NASDAQ:FCCO) has received a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.
Brokers have set a twelve-month consensus target price of $22.50 for the company and are predicting that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also assigned First Community Corporation an industry rank of 203 out of 265 based on the ratings given to its competitors.
FCCO has been the subject of several research analyst reports. 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 downgraded shares of First Community Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 20th.
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In related news, Director George H. Fann, Jr. purchased 1,903 shares of First Community Corporation stock in a transaction that occurred on Thursday, September 21st. The stock was purchased at an average price of $20.35 per share, for a total transaction of $38,726.05. Following the transaction, the director now directly owns 86,519 shares in the company, valued at $1,760,661.65. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 8.73% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in FCCO. Janus Henderson Group PLC raised its holdings in First Community Corporation by 136.9% in the 3rd quarter. Janus Henderson Group PLC now owns 128,725 shares of the bank’s stock valued at $2,632,000 after acquiring an additional 74,397 shares during the last quarter. Geode Capital Management LLC acquired a new stake in First Community Corporation in the 1st quarter valued at about $1,146,000. Independent Advisor Alliance acquired a new stake in First Community Corporation in the 3rd quarter valued at about $904,000. The Manufacturers Life Insurance Company raised its holdings in First Community Corporation by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 390,962 shares of the bank’s stock valued at $8,210,000 after acquiring an additional 7,919 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in First Community Corporation by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock valued at $406,000 after acquiring an additional 406 shares during the last quarter. Institutional investors own 47.16% of the company’s stock.
Shares of First Community Corporation (FCCO) opened at $23.20 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.76. First Community Corporation has a 12 month low of $15.75 and a 12 month high of $24.50. The stock has a market cap of $159.28, a PE ratio of 22.84 and a beta of 0.86.
First Community Corporation (NASDAQ:FCCO) last posted its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). First Community Corporation had a return on equity of 8.44% and a net margin of 17.69%. The firm had revenue of $9.65 million for the quarter, compared to analysts’ expectations of $9.79 million. research analysts predict that First Community Corporation will post 1.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.36 annualized dividend and a dividend yield of 1.55%. First Community Corporation’s dividend payout ratio (DPR) is presently 34.62%.
About First Community Corporation
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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