Brokerages expect First Community Co. (NASDAQ:FCCO) to report earnings per share of $0.37 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for First Community’s earnings. First Community posted earnings of $0.24 per share in the same quarter last year, which indicates a positive year over year growth rate of 54.2%. The business is expected to issue its next quarterly earnings results on Wednesday, July 18th.
On average, analysts expect that First Community will report full-year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.45 to $1.50. For the next year, analysts expect that the firm will post earnings of $1.60 per share, with EPS estimates ranging from $1.55 to $1.65. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow First Community.
First Community (NASDAQ:FCCO) last released its quarterly earnings results on Wednesday, April 18th. The bank reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. First Community had a net margin of 15.38% and a return on equity of 8.75%. The company had revenue of $11.17 million during the quarter, compared to the consensus estimate of $10.83 million.
In other First Community news, insider Michael C. Crapps sold 1,262 shares of the business’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $23.00, for a total transaction of $29,026.00. Following the completion of the transaction, the insider now directly owns 68,196 shares in the company, valued at $1,568,508. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.38% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in First Community by 26.9% during the first quarter. The Manufacturers Life Insurance Company now owns 497,341 shares of the bank’s stock valued at $11,389,000 after purchasing an additional 105,275 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. raised its position in First Community by 19.0% during the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 299,285 shares of the bank’s stock valued at $6,854,000 after purchasing an additional 47,789 shares in the last quarter. Dimensional Fund Advisors LP raised its position in First Community by 139.4% during the first quarter. Dimensional Fund Advisors LP now owns 34,145 shares of the bank’s stock valued at $782,000 after purchasing an additional 19,885 shares in the last quarter. Stifel Financial Corp raised its position in First Community by 9.5% during the first quarter. Stifel Financial Corp now owns 24,772 shares of the bank’s stock valued at $568,000 after purchasing an additional 2,139 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in First Community during the fourth quarter valued at approximately $348,000. Institutional investors and hedge funds own 41.25% of the company’s stock.
Shares of First Community traded up $0.05, reaching $24.45, during midday trading on Friday, according to MarketBeat. The company’s stock had a trading volume of 21,245 shares, compared to its average volume of 16,727. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14. First Community has a fifty-two week low of $19.50 and a fifty-two week high of $24.87. The company has a market cap of $180.90 million, a price-to-earnings ratio of 22.48 and a beta of 0.69.
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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