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

First Community Corporation (NASDAQ:FCCO)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.14 and traded as high as $32.60. First Community shares last traded at $32.38, with a volume of 35,760 shares changing hands.

Wall Street Analyst Weigh In

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

First Community Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $304.37 million, a PE ratio of 12.70 and a beta of 0.34. The stock’s 50-day moving average is $31.16 and its two-hundred day moving average is $30.14.

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

First Community Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, May 5th. First Community’s dividend payout ratio (DPR) is currently 25.10%.

Institutional Trading of First Community

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC bought a new position in First Community in the 1st quarter worth about $8,430,000. Lazard Asset Management LLC bought a new stake in shares of First Community during the first quarter valued at approximately $594,000. Renaissance Technologies LLC boosted its holdings in shares of First Community by 31.4% in 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 during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of First Community by 55.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 54,575 shares of the bank’s stock valued at $1,595,000 after purchasing an additional 19,418 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of First Community by 11.3% in the first quarter. Dimensional Fund Advisors LP now owns 205,992 shares of the bank’s stock valued at $6,021,000 after purchasing an additional 20,970 shares during the period. Hedge funds and other institutional investors 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.