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

Posted by Lorenzo Tanos on Oct 18th, 2024

First Community (NASDAQ:FCCO – Get Free Report) announced its quarterly earnings data on Wednesday. The bank reported $0.50 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $16.65 million. During the same period in the prior year, the firm posted $0.23 EPS.

First Community Stock Performance

FCCO traded up $0.24 during midday trading on Friday, hitting $23.45. 847 shares of the company traded hands, compared to its average volume of 28,528. 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 firm has a market capitalization of $178.90 million, a PE ratio of 16.23 and a beta of 0.41. The company’s 50-day moving average is $21.41 and its 200 day moving average is $18.92. First Community has a 52 week low of $15.40 and a 52 week high of $23.76.

First Community Announces Dividend

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

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on First Community

About First Community

(Get Free Report)

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.