Q3 2018 EPS Estimates for First Community Corporation Increased by FIG Partners (FCCO)
First Community Corporation (NASDAQ:FCCO) – Research analysts at FIG Partners boosted their Q3 2018 earnings estimates for shares of First Community Corporation in a research report issued on Thursday. FIG Partners analyst B. Martin now anticipates that the bank will earn $0.36 per share for the quarter, up from their previous forecast of $0.35. FIG Partners also issued estimates for First Community Corporation’s FY2018 earnings at $1.27 EPS.
First Community Corporation (NASDAQ:FCCO) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). First Community Corporation had a net margin of 17.69% and a return on equity of 8.52%. The business had revenue of $9.65 million during the quarter, compared to the consensus estimate of $9.79 million.
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A number of other analysts also recently issued reports on the company. Zacks Investment Research raised First Community Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. ValuEngine raised First Community Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
Shares of First Community Corporation (FCCO) opened at 22.05 on Monday. The company has a market cap of $147.67 million, a price-to-earnings ratio of 21.83 and a beta of 0.81. First Community Corporation has a 52-week low of $14.80 and a 52-week high of $23.55. The stock has a 50 day moving average of $20.88 and a 200 day moving average of $20.77.
Several institutional investors and hedge funds have recently modified their holdings of FCCO. Janus Henderson Group PLC acquired a new stake in shares of First Community Corporation in the 2nd quarter worth $1,141,000. Geode Capital Management LLC acquired a new stake in shares of First Community Corporation in the 1st quarter worth $1,146,000. The Manufacturers Life Insurance Company increased its stake in shares of First Community Corporation by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 390,962 shares of the bank’s stock worth $8,210,000 after acquiring an additional 7,919 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of First Community Corporation by 26.4% in the 1st quarter. Stifel Financial Corp now owns 18,906 shares of the bank’s stock worth $416,000 after acquiring an additional 3,946 shares during the last quarter. 47.13% of the stock is owned by institutional investors and hedge funds.
In related news, Director George H. Fann, Jr. bought 5,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of $20.55 per share, with a total value of $102,750.00. Following the purchase, the director now directly owns 84,616 shares of the company’s stock, valued at $1,738,858.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director George H. Fann, Jr. bought 1,903 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was bought at an average cost of $20.35 per share, with a total value of $38,726.05. Following the completion of the purchase, the director now directly owns 86,519 shares in the company, valued at $1,760,661.65. The disclosure for this purchase can be found here. 8.60% of the stock is owned by company insiders.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Tuesday, October 31st. First Community Corporation’s dividend payout ratio (DPR) is presently 34.62%.
About First Community Corporation
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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