FIG Partners Weighs in on First Community Co.’s Q1 2018 Earnings (FCCO)
First Community Co. (NASDAQ:FCCO) – Equities researchers at FIG Partners issued their Q1 2018 EPS estimates for First Community in a note issued to investors on Monday. FIG Partners analyst B. Martin forecasts that the bank will post earnings per share of $0.29 for the quarter. FIG Partners has a “Market-Perform” rating on the stock. FIG Partners also issued estimates for First Community’s Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.35 EPS and FY2019 earnings at $1.45 EPS.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded First Community from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. ValuEngine cut First Community from a “buy” rating to a “hold” rating in a research report on Friday, October 20th.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.10 per share. This is a boost from First Community’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.40 annualized dividend and a yield of 1.81%. First Community’s dividend payout ratio (DPR) is presently 42.35%.
A number of hedge funds have recently bought and sold shares of the business. Independent Advisor Alliance bought a new position in First Community during the 3rd quarter worth $904,000. Janus Henderson Group PLC increased its position in First Community 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 buying an additional 74,397 shares during the period. The Manufacturers Life Insurance Company increased its position in First Community 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 buying an additional 7,919 shares during the period. Finally, Stifel Financial Corp increased its position in First Community by 2.1% during the 2nd quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock worth $406,000 after buying an additional 406 shares during the period. Hedge funds and other institutional investors own 47.87% of the company’s stock.
First Community 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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