First Community (NASDAQ:FCCO) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

First Community Corporation (NASDAQ:FCCO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.18 and traded as high as $30.44. First Community shares last traded at $30.11, with a volume of 97,802 shares trading hands.

Analyst Ratings Changes

FCCO has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of First Community in a report on Tuesday, April 21st. Hovde Group lifted their target price on First Community from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Community presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

First Community Stock Up 0.9%

The firm has a market capitalization of $282.43 million, a PE ratio of 11.81 and a beta of 0.35. The firm’s 50 day moving average price is $29.43 and its two-hundred day moving average price is $29.18. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.09.

First Community (NASDAQ:FCCO) last released its quarterly earnings results 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. First Community had a net margin of 17.29% and a return on equity of 14.19%. The firm had revenue of $23.16 million for the quarter, compared to the consensus estimate of $23.61 million. As a group, research analysts forecast that First Community Corporation will post 2.97 EPS for the current fiscal year.

First Community Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, May 5th. First Community’s payout ratio is presently 25.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Anchor Investment Management LLC grew its stake in First Community by 8.3% during the 1st quarter. Anchor Investment Management LLC now owns 35,776 shares of the bank’s stock valued at $1,046,000 after purchasing an additional 2,730 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of First Community by 7.3% in the first quarter. Hsbc Holdings PLC now owns 18,938 shares of the bank’s stock worth $553,000 after buying an additional 1,286 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in First Community during the 1st quarter valued at $8,430,000. Empowered Funds LLC raised its stake in shares of First Community by 5.6% in the 4th quarter. Empowered Funds LLC now owns 13,232 shares of the bank’s stock valued at $392,000 after purchasing an additional 700 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of First Community by 3.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 22,869 shares of the bank’s stock worth $678,000 after purchasing an additional 700 shares during the last quarter. 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.