First Community (NASDAQ:FCCO) Shares Cross Above 200-Day Moving Average of $17.75

Shares of First Community Co. (NASDAQ:FCCO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.75 and traded as high as $21.86. First Community shares last traded at $21.57, with a volume of 13,431 shares changing hands.

Wall Street Analyst Weigh In

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

First Community Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $164.56 million, a P/E ratio of 15.08 and a beta of 0.43. The firm has a fifty day moving average price of $19.61 and a 200-day moving average price of $17.75.

First Community (NASDAQ:FCCO) last announced its earnings results on Wednesday, July 17th. The bank reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The firm had revenue of $25.57 million during the quarter, compared to analyst estimates of $15.42 million. First Community had a return on equity of 8.44% and a net margin of 11.60%. During the same period last year, the firm posted $0.43 EPS. On average, equities research analysts anticipate that First Community Co. will post 1.67 earnings per share for the current year.

First Community Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, July 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.78%. This is a boost from First Community’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, July 30th. First Community’s payout ratio is presently 41.96%.

Institutional Investors Weigh In On First Community

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in First Community by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 409,203 shares of the bank’s stock worth $7,132,000 after acquiring an additional 3,254 shares during the last quarter. Strategic Value Bank Partners LLC boosted its position in First Community by 0.3% during the second quarter. Strategic Value Bank Partners LLC now owns 291,998 shares of the bank’s stock worth $5,037,000 after purchasing an additional 975 shares during the period. Ancora Advisors LLC increased its stake in shares of First Community by 1.3% in the first quarter. Ancora Advisors LLC now owns 79,671 shares of the bank’s stock worth $1,389,000 after purchasing an additional 1,050 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of First Community by 18.9% in the first quarter. Russell Investments Group Ltd. now owns 44,150 shares of the bank’s stock valued at $770,000 after purchasing an additional 7,003 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of First Community by 8.1% during the 1st quarter. Empowered Funds LLC now owns 32,688 shares of the bank’s stock valued at $570,000 after buying an additional 2,450 shares in the last quarter. Hedge funds and other institutional investors 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.