First Community Corporation (FCCO) Expected to Post Quarterly Sales of $9.73 Million
Equities analysts expect First Community Corporation (NASDAQ:FCCO) to announce sales of $9.73 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for First Community Corporation’s earnings, with the lowest sales estimate coming in at $9.56 million and the highest estimate coming in at $9.90 million. First Community Corporation reported sales of $9.04 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.6%. The business is scheduled to announce its next earnings report before the market opens on Wednesday, October 18th.
According to Zacks, analysts expect that First Community Corporation will report full-year sales of $9.73 million for the current year, with estimates ranging from $38.91 million to $39.80 million. For the next year, analysts expect that the business will report sales of $45.63 million per share, with estimates ranging from $45.60 million to $45.65 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow First Community Corporation.
First Community Corporation (NASDAQ:FCCO) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). First Community Corporation had a return on equity of 8.24% and a net margin of 17.39%. The firm had revenue of $9.69 million for the quarter, compared to the consensus estimate of $9.42 million.
Several research firms recently issued reports on FCCO. ValuEngine raised shares of First Community Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of First Community Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.
In other news, Director George H. Fann, Jr. acquired 1,903 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were purchased at an average cost of $20.35 per share, with a total value of $38,726.05. Following the acquisition, the director now directly owns 86,519 shares of the company’s stock, valued at $1,760,661.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director George H. Fann, Jr. acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $20.55 per share, for a total transaction of $102,750.00. Following the completion of the acquisition, the director now directly owns 84,616 shares in the company, valued at $1,738,858.80. The disclosure for this purchase can be found here. 8.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. ClariVest Asset Management LLC purchased a new position in First Community Corporation during the 1st quarter worth $110,000. Stratos Wealth Partners LTD. purchased a new position in First Community Corporation during the 1st quarter worth $226,000. Stifel Financial Corp boosted its holdings in First Community Corporation by 26.4% during the 1st quarter. Stifel Financial Corp now owns 18,906 shares of the bank’s stock worth $416,000 after acquiring an additional 3,946 shares during the last quarter. Geode Capital Management LLC purchased a new position in First Community Corporation during the 1st quarter worth $1,146,000. Finally, Janus Henderson Group PLC purchased a new position in First Community Corporation during the 2nd quarter worth $1,141,000. 47.13% of the stock is currently owned by hedge funds and other institutional investors.
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First Community Corporation (NASDAQ FCCO) traded down 0.25% during mid-day trading on Tuesday, reaching $20.35. 4,606 shares of the company’s stock traded hands. The company has a 50 day moving average price of $20.76 and a 200-day moving average price of $20.84. The stock has a market cap of $136.28 million, a P/E ratio of 20.15 and a beta of 0.81. First Community Corporation has a 12 month low of $14.80 and a 12 month high of $23.55.
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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