First Community Co. (NASDAQ:FCCO) to Issue Quarterly Dividend of $0.15

First Community Co. (NASDAQ:FCCO) announced a quarterly dividend on Tuesday, October 15th, Zacks reports. Investors of record on Tuesday, October 29th will be paid a dividend of 0.15 per share by the bank on Tuesday, November 12th. This represents a $0.60 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, October 29th.

First Community has raised its dividend by an average of 5.3% per year over the last three years. First Community has a dividend payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Community to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 29.3%.

First Community Trading Down 1.7 %

Shares of NASDAQ:FCCO opened at $22.48 on Monday. The company has a market cap of $171.50 million, a PE ratio of 15.72 and a beta of 0.41. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $21.68 and its 200 day moving average price is $19.18. First Community has a fifty-two week low of $15.40 and a fifty-two week high of $23.96.

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 9.75%. During the same quarter last year, the company earned $0.23 EPS. Sell-side analysts anticipate that First Community will post 1.72 earnings per share for the current year.

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.