First Community (NASDAQ:FCCO) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

First Community Corporation (NASDAQ:FCCO) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.15 and traded as high as $30.83. First Community shares last traded at $30.21, with a volume of 54,138 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of First Community in a research note on Thursday, January 22nd. Hovde Group boosted their price target on First Community from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.00.

First Community Stock Performance

The company has a market capitalization of $232.31 million, a price-to-earnings ratio of 12.23 and a beta of 0.38. The company has a 50 day moving average price of $29.84 and a 200 day moving average price of $28.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.78 and a current ratio of 0.78.

First Community (NASDAQ:FCCO) last posted its quarterly earnings results on Wednesday, January 28th. The bank reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. First Community had a return on equity of 12.96% and a net margin of 16.85%.The business had revenue of $20.60 million for the quarter, compared to the consensus estimate of $20.25 million. Equities research analysts predict that First Community Corporation will post 2.28 earnings per share for the current fiscal year.

First Community Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, February 10th. First Community’s dividend payout ratio (DPR) is currently 25.91%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Fourthstone LLC lifted its stake in shares of First Community by 193.6% in the second quarter. Fourthstone LLC now owns 559,185 shares of the bank’s stock valued at $13,633,000 after buying an additional 368,747 shares in the last quarter. Maltese Capital Management LLC increased its position in shares of First Community by 5.3% during the third quarter. Maltese Capital Management LLC now owns 239,731 shares of the bank’s stock worth $6,765,000 after acquiring an additional 12,053 shares in the last quarter. Millennium Management LLC raised its holdings in shares of First Community by 115.5% in the 1st quarter. Millennium Management LLC now owns 195,527 shares of the bank’s stock worth $4,411,000 after acquiring an additional 104,796 shares during the last quarter. Geode Capital Management LLC lifted its position in First Community by 103.4% in the 2nd quarter. Geode Capital Management LLC now owns 174,732 shares of the bank’s stock valued at $4,260,000 after acquiring an additional 88,807 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in First Community by 5.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 172,120 shares of the bank’s stock valued at $4,857,000 after acquiring an additional 9,613 shares in the last quarter. Institutional investors and hedge funds own 61.25% of the company’s stock.

First Community Company Profile

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.