First Community (NASDAQ:FCCO) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of First Community Corporation (NASDAQ:FCCO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.76 and traded as high as $32.45. First Community shares last traded at $31.91, with a volume of 148,130 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of First Community in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.00.

First Community Trading Down 0.3%

The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average of $30.32 and a two-hundred day moving average of $29.76. The firm has a market capitalization of $299.95 million, a price-to-earnings ratio of 12.51 and a beta of 0.35.

First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.08. The company had revenue of $23.16 million for the quarter, compared to the consensus estimate of $23.61 million. First Community had a return on equity of 13.00% and a net margin of 17.29%. Research analysts predict that First Community Corporation will post 2.97 EPS for the current fiscal year.

First Community Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, May 5th. First Community’s payout ratio is presently 25.10%.

Institutional Investors Weigh In On First Community

A number of institutional investors have recently added to or reduced their stakes in FCCO. Fifth Third Wealth Advisors LLC acquired a new stake in First Community during the first quarter valued at approximately $8,430,000. Millennium Management LLC boosted its holdings in First Community by 115.5% during the first quarter. Millennium Management LLC now owns 195,527 shares of the bank’s stock valued at $4,411,000 after purchasing an additional 104,796 shares in the last quarter. Geode Capital Management LLC boosted its holdings in First Community by 103.4% during the second quarter. Geode Capital Management LLC now owns 174,732 shares of the bank’s stock valued at $4,260,000 after purchasing an additional 88,807 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in First Community by 199.8% during the first quarter. Goldman Sachs Group Inc. now owns 90,919 shares of the bank’s stock valued at $2,051,000 after purchasing an additional 60,596 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in First Community by 31.4% during the first quarter. Renaissance Technologies LLC now owns 125,328 shares of the bank’s stock valued at $3,663,000 after purchasing an additional 29,967 shares in the last quarter. 61.25% of the stock is owned by institutional investors and hedge funds.

About First Community

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.