Brokerages Expect First Community Co. (FCCO) Will Post Quarterly Sales of $10.68 Million
Equities research analysts expect First Community Co. (NASDAQ:FCCO) to report $10.68 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for First Community’s earnings, with the lowest sales estimate coming in at $10.43 million and the highest estimate coming in at $10.93 million. First Community posted sales of $8.99 million during the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The business is expected to report its next earnings report on Wednesday, January 17th.
On average, analysts expect that First Community will report full-year sales of $10.68 million for the current fiscal year, with estimates ranging from $38.90 million to $39.31 million. For the next year, analysts forecast that the firm will report sales of $45.94 million per share, with estimates ranging from $45.60 million to $46.28 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover First Community.
First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). First Community had a net margin of 17.69% and a return on equity of 8.44%. The business had revenue of $9.65 million during the quarter, compared to analysts’ expectations of $9.79 million.
First Community (FCCO) opened at $23.90 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.37. First Community has a 12 month low of $16.10 and a 12 month high of $24.87. The stock has a market cap of $163.64, a price-to-earnings ratio of 23.46 and a beta of 0.87.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Tuesday, October 31st. First Community’s dividend payout ratio is currently 34.62%.
In other news, Director George H. Fann, Jr. bought 1,903 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was purchased at an average cost of $20.35 per share, for a total transaction of $38,726.05. Following the purchase, the director now directly owns 86,519 shares in the company, valued at approximately $1,760,661.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.73% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp lifted its stake in shares of First Community by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock valued at $406,000 after purchasing an additional 406 shares during the period. Independent Advisor Alliance acquired a new position in First Community during the third quarter worth $904,000. Geode Capital Management LLC acquired a new position in First Community during the first quarter worth $1,146,000. Janus Henderson Group PLC acquired a new position in First Community during the second quarter worth $1,141,000. Finally, The Manufacturers Life Insurance Company raised its position in First Community by 2.1% during the second 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 period. Hedge funds and other institutional investors own 47.87% of the company’s stock.
First Community 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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