Zacks: Analysts Anticipate First Community Co. (FCCO) Will Announce Quarterly Sales of $11.76 Million

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Equities research analysts expect that First Community Co. (NASDAQ:FCCO) will announce sales of $11.76 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First Community’s earnings, with estimates ranging from $11.70 million to $11.82 million. First Community reported sales of $11.17 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The firm is expected to issue its next quarterly earnings results on Wednesday, April 17th.

On average, analysts expect that First Community will report full year sales of $49.36 million for the current fiscal year, with estimates ranging from $49.30 million to $49.43 million. For the next fiscal year, analysts expect that the business will post sales of $51.97 million, with estimates ranging from $51.40 million to $52.54 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for First Community.

First Community (NASDAQ:FCCO) last issued its quarterly earnings results on Wednesday, January 16th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $11.65 million during the quarter, compared to analyst estimates of $11.81 million. First Community had a net margin of 22.29% and a return on equity of 10.37%.

Several brokerages recently weighed in on FCCO. Zacks Investment Research upgraded First Community from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. ValuEngine cut First Community from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd.

Shares of FCCO stock traded down $0.35 during trading on Thursday, reaching $19.25. 16,755 shares of the company’s stock were exchanged, compared to its average volume of 13,171. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $147.52 million, a PE ratio of 13.28 and a beta of 0.89. First Community has a twelve month low of $17.93 and a twelve month high of $26.25.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in shares of First Community by 35.4% during the fourth quarter. Bank of America Corp DE now owns 8,339 shares of the bank’s stock valued at $162,000 after acquiring an additional 2,181 shares during the last quarter. First Trust Advisors LP purchased a new stake in First Community in the third quarter worth $260,000. Abacus Planning Group Inc. lifted its stake in shares of First Community by 14.6% during the fourth quarter. Abacus Planning Group Inc. now owns 12,674 shares of the bank’s stock worth $416,000 after buying an additional 1,610 shares during the period. Northern Trust Corp acquired a new stake in shares of First Community during the second quarter worth $471,000. Finally, Blair William & Co. IL lifted its stake in shares of First Community by 13.0% during the third quarter. Blair William & Co. IL now owns 21,724 shares of the bank’s stock worth $526,000 after buying an additional 2,500 shares during the period. 53.48% of the stock is owned by institutional investors and hedge funds.

First Community Company Profile

First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.

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