First Community (NASDAQ:FCCO) Issues Earnings Results, Beats Expectations By $0.06 EPS

First Community (NASDAQ:FCCO) posted its quarterly earnings results on Wednesday. The bank reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06, Zacks reports. First Community had a net margin of 11.60% and a return on equity of 8.33%. The company had revenue of $26.73 million during the quarter, compared to analyst estimates of $16.65 million. During the same period in the prior year, the business posted $0.23 EPS.

First Community Trading Up 1.0 %

NASDAQ FCCO traded up $0.24 during trading on Friday, hitting $23.45. The company had a trading volume of 847 shares, compared to its average volume of 28,528. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.48. First Community has a one year low of $15.40 and a one year high of $23.76. The company has a market cap of $178.90 million, a price-to-earnings ratio of 16.23 and a beta of 0.41. The company’s fifty day moving average is $21.41 and its 200-day moving average is $18.92.

First Community Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $0.60 annualized dividend and a yield of 2.56%. First Community’s dividend payout ratio (DPR) is presently 41.96%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of First Community from a “sell” rating to a “hold” rating in a report on Monday, July 1st.

First Community Company Profile

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.