Equities analysts predict that First Community Co. (NASDAQ:FCCO) will post sales of $11.65 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for First Community’s earnings, with the highest sales estimate coming in at $11.70 million and the lowest estimate coming in at $11.59 million. First Community reported sales of $9.69 million during the same quarter last year, which indicates a positive year-over-year growth rate of 20.2%. The company is expected to report its next earnings results on Wednesday, July 18th.
According to Zacks, analysts expect that First Community will report full-year sales of $46.62 million for the current year, with estimates ranging from $46.40 million to $46.83 million. For the next fiscal year, analysts forecast that the company will post sales of $49.33 million per share, with estimates ranging from $48.70 million to $49.95 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow First Community.
First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, April 18th. The bank reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The company had revenue of $11.17 million for the quarter, compared to analyst estimates of $10.83 million. First Community had a net margin of 15.38% and a return on equity of 8.75%.
In other First Community news, insider Michael C. Crapps sold 1,262 shares of the stock in a transaction on Friday, April 27th. The shares were sold at an average price of $23.00, for a total value of $29,026.00. Following the sale, the insider now directly owns 68,196 shares in the company, valued at $1,568,508. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 7.38% of the company’s stock.
Several hedge funds have recently modified their holdings of FCCO. The Manufacturers Life Insurance Company increased its position in shares of First Community by 26.9% during the first quarter. The Manufacturers Life Insurance Company now owns 497,341 shares of the bank’s stock worth $11,389,000 after acquiring an additional 105,275 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. increased its position in shares of First Community by 19.0% during the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 299,285 shares of the bank’s stock worth $6,854,000 after acquiring an additional 47,789 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of First Community by 139.4% during the first quarter. Dimensional Fund Advisors LP now owns 34,145 shares of the bank’s stock worth $782,000 after acquiring an additional 19,885 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of First Community during the fourth quarter worth $348,000. Finally, Cutler Capital Management LLC bought a new stake in shares of First Community during the first quarter worth $343,000. 41.25% of the stock is owned by institutional investors.
FCCO traded up $0.10 during mid-day trading on Monday, hitting $24.55. The stock had a trading volume of 31,222 shares, compared to its average volume of 20,508. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.74 and a current ratio of 0.75. The firm has a market cap of $185.84 million, a PE ratio of 22.52 and a beta of 0.69. First Community has a 1-year low of $19.50 and a 1-year high of $24.87.
About First Community
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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