First Community (NASDAQ:FCCO) Stock Passes Above 200 Day Moving Average – What’s Next?

First Community Corporation (NASDAQ:FCCO)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $28.75 and traded as high as $29.25. First Community shares last traded at $28.25, with a volume of 86,508 shares trading hands.

Analyst Ratings Changes

Several brokerages recently commented on FCCO. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Community in a research note on Thursday, January 22nd. Hovde Group increased their price target on shares of First Community from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

First Community Trading Up 1.3%

The firm has a market cap of $263.58 million, a PE ratio of 11.38 and a beta of 0.38. The firm has a fifty day simple moving average of $29.41 and a two-hundred day simple moving average of $28.74. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.09.

First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, January 28th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. First Community had a return on equity of 12.71% and a net margin of 16.85%.The firm had revenue of $20.60 million for the quarter, compared to analysts’ expectations of $20.25 million. Equities analysts forecast that First Community Corporation will post 2.28 EPS for the current year.

First Community Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th were issued a $0.16 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $0.64 annualized dividend and a yield of 2.3%. First Community’s dividend payout ratio is 25.91%.

Hedge Funds Weigh In On First Community

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rosenthal Henry Capital Advisors Inc. bought a new position in First Community in the third quarter worth about $997,000. Fourthstone LLC boosted its position in First Community by 193.6% during the 2nd quarter. Fourthstone LLC now owns 559,185 shares of the bank’s stock valued at $13,633,000 after acquiring an additional 368,747 shares in the last quarter. SummerHaven Investment Management LLC purchased a new position in shares of First Community during the 3rd quarter worth approximately $944,000. CWM LLC bought a new position in shares of First Community in the 3rd quarter worth approximately $31,000. Finally, Raymond James Financial Inc. bought a new position in shares of First Community in the 2nd quarter worth approximately $182,000. Hedge funds and other institutional investors own 61.25% of the company’s stock.

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.