First Community (NASDAQ:FCCO) Shares Pass Above 200 Day Moving Average – What’s Next?

First Community Corporation (NASDAQ:FCCO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.87 and traded as high as $31.98. First Community shares last traded at $31.5820, with a volume of 129,245 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of First Community in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, First Community presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

First Community Trading Up 0.1%

The company has a market capitalization of $296.87 million, a PE ratio of 12.39 and a beta of 0.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.82 and a quick ratio of 0.81. The company’s fifty day moving average is $30.54 and its 200-day moving average is $29.87.

First Community (NASDAQ:FCCO) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.08. First Community had a return on equity of 13.00% and a net margin of 17.29%.The business had revenue of $23.16 million for the quarter, compared to analysts’ expectations of $23.61 million. On average, analysts anticipate that First Community Corporation will post 2.97 EPS for the current fiscal year.

First Community Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $0.64 dividend on an annualized basis and a yield of 2.0%. First Community’s dividend payout ratio (DPR) is presently 25.10%.

Hedge Funds Weigh In On First Community

A number of large investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC boosted its holdings in shares of First Community by 1.8% in the 4th quarter. Anchor Investment Management LLC now owns 33,046 shares of the bank’s stock valued at $980,000 after buying an additional 592 shares in the last quarter. Empowered Funds LLC raised its stake in shares of First Community by 5.6% during the 4th quarter. Empowered Funds LLC now owns 13,232 shares of the bank’s stock worth $392,000 after acquiring an additional 700 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in First Community by 3.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 22,869 shares of the bank’s stock valued at $678,000 after acquiring an additional 700 shares during the last quarter. Advisory Services Network LLC purchased a new stake in First Community during the third quarter valued at approximately $26,000. Finally, Bank of America Corp DE boosted its stake in First Community by 12.1% in the third quarter. Bank of America Corp DE now owns 8,683 shares of the bank’s stock valued at $245,000 after acquiring an additional 937 shares in the last quarter. 61.25% of the stock is currently owned by institutional investors.

First Community Company Profile

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.