Brokerages expect First Community Co. (NASDAQ:FCCO) to report sales of $12.02 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for First Community’s earnings, with estimates ranging from $12.00 million to $12.04 million. First Community posted sales of $9.65 million during the same quarter last year, which would indicate a positive year over year growth rate of 24.6%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, October 17th.

According to Zacks, analysts expect that First Community will report full year sales of $47.09 million for the current year, with estimates ranging from $47.00 million to $47.18 million. For the next year, analysts expect that the business will report sales of $49.66 million per share, with estimates ranging from $49.00 million to $50.32 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover First Community.

First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, July 18th. The bank reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. First Community had a net margin of 17.48% and a return on equity of 9.59%. The business had revenue of $11.85 million during the quarter, compared to analyst estimates of $11.65 million.

Several research firms have commented on FCCO. ValuEngine upgraded shares of First Community from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Zacks Investment Research upgraded shares of First Community from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Friday, July 20th.

Hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new stake in shares of First Community in the second quarter valued at $103,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of First Community in the second quarter valued at $214,000. Bank of New York Mellon Corp purchased a new stake in shares of First Community in the fourth quarter valued at $240,000. Deutsche Bank AG raised its stake in shares of First Community by 44.8% in the fourth quarter. Deutsche Bank AG now owns 10,825 shares of the bank’s stock valued at $244,000 after acquiring an additional 3,350 shares during the period. Finally, Millennium Management LLC purchased a new stake in shares of First Community in the fourth quarter valued at $245,000. Institutional investors and hedge funds own 44.66% of the company’s stock.

FCCO stock opened at $25.90 on Monday. First Community has a 52 week low of $19.60 and a 52 week high of $26.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.76 and a quick ratio of 0.75. The firm has a market cap of $195.07 million, a price-to-earnings ratio of 23.76 and a beta of 0.50.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Shareholders of record on Monday, July 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, July 27th. This represents a $0.40 annualized dividend and a yield of 1.54%. First Community’s dividend payout ratio (DPR) is currently 36.70%.

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 four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.

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Earnings History and Estimates for First Community (NASDAQ:FCCO)

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