First Community (NASDAQ:FCCO) Announces Quarterly Earnings Results

First Community (NASDAQ:FCCO) issued its quarterly earnings data on Wednesday. The bank reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05, Yahoo Finance reports. The firm had revenue of $25.57 million for the quarter, compared to analyst estimates of $15.42 million. First Community had a return on equity of 8.57% and a net margin of 12.32%. During the same period last year, the company earned $0.43 EPS.

First Community Price Performance

FCCO stock opened at $20.37 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.78 and a quick ratio of 0.78. First Community has a 1 year low of $15.40 and a 1 year high of $22.00. The firm has a 50-day moving average of $17.00 and a 200 day moving average of $17.26. The company has a market cap of $155.42 million, a P/E ratio of 14.24 and a beta of 0.43.

Analysts Set New Price Targets

Separately, StockNews.com raised First Community from a “sell” rating to a “hold” rating in a research note on Monday, July 1st.

About First Community

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.