First Community Co. (FCCO) Given Average Recommendation of “Buy” by Brokerages
First Community Co. (NASDAQ:FCCO) has been given a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company.
Brokers have set a 1-year consensus price target of $22.00 for the company and are forecasting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned First Community an industry rank of 92 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of First Community from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th.
In related news, CEO Michael C. Crapps sold 6,544 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $20.06, for a total value of $131,272.64. Following the completion of the transaction, the chief executive officer now owns 67,967 shares in the company, valued at approximately $1,363,418.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in FCCO. RMB Capital Management LLC raised its position in shares of First Community by 69.7% in the fourth quarter. RMB Capital Management LLC now owns 317,545 shares of the bank’s stock worth $5,732,000 after buying an additional 130,381 shares in the last quarter. Asset Advisors Corp raised its position in shares of First Community by 0.5% in the first quarter. Asset Advisors Corp now owns 47,864 shares of the bank’s stock worth $1,053,000 after buying an additional 256 shares in the last quarter. Greenwood Capital Associates LLC bought a new position in shares of First Community during the first quarter worth about $338,000. Stifel Financial Corp raised its position in shares of First Community by 26.4% in the first quarter. Stifel Financial Corp now owns 18,906 shares of the bank’s stock worth $416,000 after buying an additional 3,946 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new position in shares of First Community during the first quarter worth about $110,000. Hedge funds and other institutional investors own 43.90% of the company’s stock.
Shares of First Community (NASDAQ:FCCO) traded down 2.81% during mid-day trading on Friday, hitting $20.75. 623 shares of the company traded hands. First Community has a 52-week low of $13.67 and a 52-week high of $23.55. The firm has a 50-day moving average price of $20.37 and a 200 day moving average price of $19.50. The firm has a market cap of $138.96 million, a price-to-earnings ratio of 20.34 and a beta of 0.78.
First Community (NASDAQ:FCCO) last released its quarterly earnings results on Wednesday, April 19th. The bank reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The business had revenue of $9.04 million during the quarter, compared to analyst estimates of $9.04 million. First Community had a net margin of 17.38% and a return on equity of 8.02%. Equities research analysts anticipate that First Community will post $1.10 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were given a $0.09 dividend. The ex-dividend date was Thursday, April 27th. This represents a $0.36 dividend on an annualized basis and a yield of 1.73%. First Community’s dividend payout ratio is presently 36.36%.
About First Community
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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