Analysts Anticipate First Community Co. (NASDAQ:FCCO) Will Announce Earnings of $0.36 Per Share

Equities research analysts expect that First Community Co. (NASDAQ:FCCO) will report earnings of $0.36 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for First Community’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.37. First Community reported earnings of $0.39 per share during the same quarter last year, which would indicate a negative year over year growth rate of 7.7%. The business is expected to report its next quarterly earnings results on Wednesday, July 17th.

On average, analysts expect that First Community will report full year earnings of $1.43 per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of $1.47 per share, with EPS estimates ranging from $1.40 to $1.53. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover First Community.

First Community (NASDAQ:FCCO) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). First Community had a net margin of 21.47% and a return on equity of 9.92%. The firm had revenue of $11.53 million during the quarter, compared to analysts’ expectations of $11.74 million.

Several research analysts have recently issued reports on FCCO shares. ValuEngine cut shares of First Community from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Zacks Investment Research cut shares of First Community from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th.

Shares of NASDAQ:FCCO traded down $0.03 during trading hours on Tuesday, reaching $18.66. The stock had a trading volume of 870 shares, compared to its average volume of 55,606. The business’s 50 day moving average is $18.13. First Community has a 1 year low of $17.08 and a 1 year high of $26.25. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.17. The stock has a market cap of $153.22 million, a PE ratio of 13.03 and a beta of 0.86.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in First Community by 2.6% during the 4th quarter. BlackRock Inc. now owns 359,482 shares of the bank’s stock worth $6,986,000 after purchasing an additional 9,217 shares during the period. Pwmco LLC boosted its stake in First Community by 8.7% during the 1st quarter. Pwmco LLC now owns 242,350 shares of the bank’s stock worth $4,622,000 after purchasing an additional 19,475 shares during the period. Abacus Planning Group Inc. boosted its stake in First Community by 11.1% during the 1st quarter. Abacus Planning Group Inc. now owns 100,144 shares of the bank’s stock worth $1,910,000 after purchasing an additional 10,000 shares during the period. Penn Capital Management Co. Inc. boosted its stake in First Community by 3.5% during the 1st quarter. Penn Capital Management Co. Inc. now owns 92,096 shares of the bank’s stock worth $1,756,000 after purchasing an additional 3,125 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in First Community by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 82,466 shares of the bank’s stock worth $1,602,000 after purchasing an additional 7,360 shares during the period. Institutional investors and hedge funds own 53.40% of the company’s stock.

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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