First Community Co. (FCCO) Given $24.00 Consensus Target Price by Analysts

First Community Co. (NASDAQ:FCCO) has earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating. First Community’s rating score has declined by 79.6% in the last 90 days as a result of various analysts’ ratings changes.

Brokers have set a 12-month consensus price objective of $24.00 for the company and are expecting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Community an industry rank of 5 out of 265 based on the ratings given to related companies.

A number of research firms have weighed in on FCCO. FIG Partners downgraded shares of First Community from an “outperform” rating to a “market-perform” rating in a research note on Monday, January 22nd. Zacks Investment Research upgraded shares of First Community from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Finally, ValuEngine downgraded shares of First Community from a “buy” rating to a “hold” rating in a research note on Friday, October 20th.

A number of institutional investors and hedge funds have recently bought and sold shares of FCCO. Janus Henderson Group PLC boosted its stake in First Community by 136.9% during the third quarter. Janus Henderson Group PLC now owns 128,725 shares of the bank’s stock worth $2,632,000 after buying an additional 74,397 shares in the last quarter. Independent Advisor Alliance acquired a new stake in First Community during the third quarter worth $904,000. The Manufacturers Life Insurance Company boosted its stake 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 buying an additional 7,919 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in First Community by 2.1% during the second quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock worth $406,000 after buying an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 42.32% of the company’s stock.

Shares of First Community (NASDAQ:FCCO) traded up $0.80 during mid-day trading on Wednesday, reaching $21.80. 1,600 shares of the company were exchanged, compared to its average volume of 9,105. First Community has a fifty-two week low of $18.50 and a fifty-two week high of $24.87. The company has a market capitalization of $159.35, a price-to-earnings ratio of 25.65 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.76 and a quick ratio of 0.75.

First Community (NASDAQ:FCCO) last posted its quarterly earnings results on Wednesday, January 17th. The bank reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). First Community had a return on equity of 8.73% and a net margin of 13.91%. The business had revenue of $10.65 million for the quarter, compared to analyst estimates of $10.69 million. equities analysts anticipate that First Community will post 1.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.40 dividend on an annualized basis and a yield of 1.83%. This is an increase from First Community’s previous quarterly dividend of $0.09. First Community’s payout ratio is currently 42.35%.

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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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