Analysts Anticipate First Community Corp. (FCCO) to Post $0.25 Earnings Per Share
Shares of First Community Corp. (NASDAQ:FCCO) have received a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokerages have set a 12-month consensus price target of $16.50 for the company and are expecting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Community Corp. an industry rank of 109 out of 265 based on the ratings given to its competitors.
In related news, Director George H. Fann, Jr. acquired 2,600 shares of the stock in a transaction on Thursday, September 22nd. The stock was acquired at an average cost of $14.90 per share, for a total transaction of $38,740.00. Following the completion of the acquisition, the director now directly owns 78,988 shares of the company’s stock, valued at approximately $1,176,921.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.60% of the stock is currently owned by company insiders.
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A number of hedge funds have recently modified their holdings of FCCO. Asset Advisors Corp raised its stake in shares of First Community Corp. by 0.9% in the second quarter. Asset Advisors Corp now owns 47,608 shares of the company’s stock valued at $666,000 after buying an additional 427 shares during the period. Pinnacle Holdings LLC raised its stake in shares of First Community Corp. by 6.1% in the first quarter. Pinnacle Holdings LLC now owns 65,905 shares of the company’s stock valued at $950,000 after buying an additional 3,800 shares during the period. Vanguard Group Inc. bought a new stake in shares of First Community Corp. during the second quarter valued at approximately $1,140,000. RMB Capital Management LLC raised its stake in shares of First Community Corp. by 6.7% in the second quarter. RMB Capital Management LLC now owns 202,870 shares of the company’s stock valued at $2,838,000 after buying an additional 12,740 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of First Community Corp. by 1.0% in the first quarter. Wellington Management Group LLP now owns 586,065 shares of the company’s stock valued at $8,451,000 after buying an additional 5,574 shares during the period. Institutional investors and hedge funds own 43.10% of the company’s stock.
First Community Corp. (NASDAQ:FCCO) traded down 0.32% during trading on Tuesday, hitting $15.55. The stock had a trading volume of 2,054 shares. The company has a market capitalization of $104.17 million, a P/E ratio of 16.37 and a beta of 0.78. The stock’s 50-day moving average price is $15.23 and its 200-day moving average price is $14.68. First Community Corp. has a 1-year low of $12.03 and a 1-year high of $15.75.
First Community Corp. (NASDAQ:FCCO) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. First Community Corp. had a net margin of 17.23% and a return on equity of 8.03%. Analysts expect that First Community Corp. will post $0.99 earnings per share for the current year.
First Community Corp. Company Profile
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.
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