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.

Earnings History and Estimates for First Community Corporation (NASDAQ:FCCO)

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