First Community Corporation (NASDAQ:FCCO) has received an average broker rating score of 1.67 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.
Brokerages have set a 1-year consensus price target of $22.00 for the company and are anticipating that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also given First Community Corporation an industry rank of 106 out of 265 based on the ratings given to its competitors.
A number of brokerages recently commented on FCCO. ValuEngine upgraded shares of First Community Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of First Community Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th.
First Community Corporation (NASDAQ FCCO) traded up 1.39% during midday trading on Tuesday, reaching $21.90. The company had a trading volume of 1,206 shares. First Community Corporation has a one year low of $13.74 and a one year high of $23.55. The firm has a market capitalization of $146.66 million, a P/E ratio of 21.47 and a beta of 0.79. The stock’s 50 day moving average price is $20.60 and its 200-day moving average price is $20.09.
First Community Corporation (NASDAQ:FCCO) last announced its quarterly earnings results on Wednesday, April 19th. The bank reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. First Community Corporation had a net margin of 17.89% and a return on equity of 8.36%. The business had revenue of $9.04 million for the quarter, compared to analyst estimates of $9.04 million. On average, equities research analysts anticipate that First Community Corporation will post $1.08 earnings per share for the current year.
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In related news, CEO Michael C. Crapps sold 6,544 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $20.06, for a total value of $131,272.64. Following the transaction, the chief executive officer now owns 67,967 shares in the company, valued at approximately $1,363,418.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 8.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in FCCO. Morgan Stanley raised its position in shares of First Community Corporation by 3,250.0% in the first quarter. Morgan Stanley now owns 6,700 shares of the bank’s stock worth $147,000 after buying an additional 6,500 shares during the period. RMB Capital Management LLC raised its position in shares of First Community Corporation by 21.1% in the first quarter. RMB Capital Management LLC now owns 384,473 shares of the bank’s stock worth $8,458,000 after buying an additional 66,928 shares during the period. Mendon Capital Advisors Corp raised its position in shares of First Community Corporation by 31.0% in the first quarter. Mendon Capital Advisors Corp now owns 292,490 shares of the bank’s stock worth $6,434,000 after buying an additional 69,219 shares during the period. Geode Capital Management LLC bought a new position in shares of First Community Corporation during the first quarter worth approximately $1,146,000. Finally, Vanguard Group Inc. raised its position in shares of First Community Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 83,598 shares of the bank’s stock worth $1,840,000 after buying an additional 2,051 shares during the period. Institutional investors and hedge funds own 46.58% of the company’s stock.
First Community Corporation Company Profile
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.
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