First Community Corporation (FCCO) to Issue Quarterly Dividend of $0.17 on August 18th

First Community Corporation (NASDAQ:FCCO) announced a quarterly dividend on Tuesday, July 21st. Investors of record on Tuesday, August 4th will be paid a dividend of 0.17 per share by the bank on Tuesday, August 18th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, August 4th. This is a 6.3% increase from First Community’s previous quarterly dividend of $0.16.

First Community has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. First Community has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Community to earn $3.33 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 20.4%.

First Community Trading Up 0.1%

First Community stock opened at $34.16 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $32.18 and a two-hundred day moving average price of $30.51. The firm has a market capitalization of $321.10 million, a price-to-earnings ratio of 12.75 and a beta of 0.34. First Community has a 52-week low of $24.12 and a 52-week high of $35.74.

First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.84 EPS for the quarter, topping the consensus estimate of $0.69 by $0.15. First Community had a net margin of 18.32% and a return on equity of 14.03%. The firm had revenue of $25.14 million during the quarter, compared to analysts’ expectations of $24.69 million. Sell-side analysts expect that First Community will post 3.13 earnings per share for the current year.

First Community Company Profile

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.