First Community (NASDAQ:FCCO) Posts Earnings Results, Beats Estimates By $0.01 EPS

First Community (NASDAQ:FCCO) issued its quarterly earnings data on Tuesday. The bank reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01, MarketWatch Earnings reports. First Community had a net margin of 19.79% and a return on equity of 8.67%.

Shares of FCCO traded up $0.34 during trading hours on Thursday, reaching $20.66. 311 shares of the stock traded hands, compared to its average volume of 71,843. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $20.09. First Community has a 52 week low of $12.23 and a 52 week high of $22.00. The stock has a market cap of $155.36 million, a P/E ratio of 13.19 and a beta of 0.73.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 17th. Investors of record on Tuesday, August 3rd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, August 2nd. First Community’s payout ratio is currently 35.56%.

A number of brokerages have recently issued reports on FCCO. Raymond James lifted their price objective on shares of First Community from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Investment Research cut shares of First Community from a “buy” rating to a “hold” rating in a report on Tuesday, June 29th.

First Community Company Profile

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

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Earnings History for First Community (NASDAQ:FCCO)

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