First Community (NASDAQ:FCCO) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

First Community Co. (NASDAQ:FCCO)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.08 and traded as high as $24.70. First Community shares last traded at $24.42, with a volume of 37,006 shares traded.

First Community Price Performance

The business has a fifty day moving average price of $22.64 and a 200 day moving average price of $20.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $190.54 million, a price-to-earnings ratio of 14.40 and a beta of 0.39.

First Community (NASDAQ:FCCO) last released its earnings results on Wednesday, October 16th. The bank reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $26.73 million for the quarter, compared to analysts’ expectations of $16.65 million. First Community had a net margin of 12.99% and a return on equity of 9.57%. During the same quarter last year, the company earned $0.23 EPS. On average, research analysts expect that First Community Co. will post 1.76 earnings per share for the current fiscal year.

First Community Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th were given a $0.15 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. First Community’s dividend payout ratio (DPR) is 35.50%.

Hedge Funds Weigh In On First Community

Several hedge funds have recently modified their holdings of the company. Barclays PLC boosted its stake in First Community by 214.0% during the third quarter. Barclays PLC now owns 10,046 shares of the bank’s stock valued at $215,000 after buying an additional 6,847 shares in the last quarter. Geode Capital Management LLC lifted its holdings in First Community by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,088 shares of the bank’s stock valued at $1,782,000 after acquiring an additional 5,157 shares during the last quarter. State Street Corp boosted its position in shares of First Community by 5.6% during the 3rd quarter. State Street Corp now owns 22,795 shares of the bank’s stock valued at $489,000 after purchasing an additional 1,200 shares in the last quarter. Fourthstone LLC grew its stake in shares of First Community by 28.9% in the 3rd quarter. Fourthstone LLC now owns 400,225 shares of the bank’s stock worth $8,581,000 after purchasing an additional 89,652 shares during the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of First Community by 0.7% in the 3rd quarter. Independent Advisor Alliance now owns 105,945 shares of the bank’s stock worth $2,271,000 after purchasing an additional 690 shares in the last quarter. 61.25% of the stock is currently owned by institutional investors and hedge funds.

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.