First Community Corporation (NASDAQ:FCCO) to Issue Dividend Increase – $0.17 Per Share

First Community Corporation (NASDAQ:FCCO) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Tuesday, August 4th will be paid a dividend of 0.17 per share by the bank on Tuesday, August 18th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, August 4th. This is a 6.3% increase from First Community’s previous quarterly dividend of $0.16.

First Community has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. First Community has a dividend payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Community to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 19.9%.

First Community Stock Up 0.8%

Shares of NASDAQ FCCO opened at $32.49 on Thursday. The company’s 50 day moving average price is $31.58 and its 200-day moving average price is $30.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.81 and a current ratio of 0.82. First Community has a 52-week low of $24.12 and a 52-week high of $34.01. The company has a market capitalization of $305.41 million, a P/E ratio of 12.74 and a beta of 0.34.

First Community (NASDAQ:FCCO) last announced its earnings results on Wednesday, July 22nd. The bank reported $0.84 EPS for the quarter, beating the consensus estimate of $0.69 by $0.15. The company had revenue of $25.14 million for the quarter, compared to analyst estimates of $24.69 million. First Community had a return on equity of 13.00% and a net margin of 17.29%. Equities analysts forecast that First Community will post 2.97 earnings per share for the current year.

Key First Community News

Here are the key news stories impacting First Community this week:

• Positive Sentiment: First Community reported Q2 earnings of $0.84 per share, ahead of the $0.69 consensus estimate, and also beat revenue expectations, signaling stronger-than-expected core performance. Article Title
• Positive Sentiment: The bank increased its quarterly dividend to $0.17 per share from $0.16, a 6.3% boost, which supports the income story and may signal confidence in future cash generation. Article Title
• Positive Sentiment: The company’s updated announcement highlighted second-quarter results and an increased cash dividend alongside strategic planning, reinforcing a constructive near-term shareholder return narrative. Article Title
• Neutral Sentiment: First Community also announced a CEO succession and broader leadership realignment, which adds a management-change element to the story but does not appear to be tied to operational weakness. Article Title

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.