First Community (NASDAQ:FCCO) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

First Community Co. (NASDAQ:FCCO) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.12 and traded as high as $23.30. First Community shares last traded at $22.86, with a volume of 16,839 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised First Community from a “sell” rating to a “hold” rating in a report on Monday, July 1st.

First Community Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.77. The stock has a market cap of $174.40 million, a P/E ratio of 15.99 and a beta of 0.41. The stock has a 50-day simple moving average of $21.64 and a 200-day simple moving average of $19.12.

First Community (NASDAQ:FCCO) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $26.73 million for the quarter, compared to analyst estimates of $16.65 million. First Community had a net margin of 11.60% and a return on equity of 8.33%. During the same period in the previous year, the firm posted $0.23 EPS. Research analysts forecast that First Community Co. will post 1.69 earnings per share for the current year.

First Community Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, October 29th. This represents a $0.60 annualized dividend and a dividend yield of 2.62%. First Community’s dividend payout ratio (DPR) is presently 41.96%.

Institutional Investors Weigh In On First Community

Several hedge funds have recently modified their holdings of the company. Hobbs Group Advisors LLC bought a new position in First Community in the second quarter valued at about $49,000. Cubist Systematic Strategies LLC acquired a new position in shares of First Community in the second quarter valued at approximately $58,000. BNP Paribas Financial Markets raised its holdings in First Community by 41.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,373 shares of the bank’s stock valued at $59,000 after buying an additional 981 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in First Community during the 2nd quarter worth approximately $190,000. Finally, Quadrature Capital Ltd bought a new stake in First Community during the 1st quarter worth approximately $239,000. Institutional investors and hedge funds own 61.25% of the company’s stock.

First Community Company Profile

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.