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

First Community Corporation (NASDAQ:FCCO)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.06 and traded as high as $33.56. First Community shares last traded at $32.93, with a volume of 54,159 shares.

Analyst Upgrades and Downgrades

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

First Community Stock Performance

The stock has a market capitalization of $309.54 million, a price-to-earnings ratio of 12.91 and a beta of 0.34. The company’s fifty day simple moving average is $30.86 and its 200 day simple moving average is $30.06. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.07.

First Community (NASDAQ:FCCO) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.64 by $0.08. First Community had a net margin of 17.29% and a return on equity of 13.00%. The business had revenue of $23.16 million during the quarter, compared to the consensus estimate of $23.61 million. On average, equities research analysts expect that First Community Corporation will post 2.97 earnings per share for the current year.

First Community Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, May 5th. First Community’s dividend payout ratio (DPR) is presently 25.10%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FCCO. Advisory Services Network LLC bought a new stake in shares of First Community in the third quarter valued at about $26,000. BNP Paribas Financial Markets increased its position in First Community by 324.2% during the second quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock worth $33,000 after acquiring an additional 1,031 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in First Community during the second quarter worth about $99,000. New York State Common Retirement Fund acquired a new stake in First Community in the 2nd quarter worth about $102,000. Finally, Raymond James Financial Inc. acquired a new stake in First Community in the 2nd quarter worth about $182,000. 61.25% of the stock is owned by institutional investors and hedge funds.

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.