First Community (NASDAQ:FCCO) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

First Community Co. (NASDAQ:FCCO) 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 changing hands.

First Community Stock Performance

The firm has a market capitalization of $190.54 million, a price-to-earnings ratio of 14.40 and a beta of 0.39. The company has a 50-day moving average of $22.64 and a 200-day moving average of $20.16. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45.

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

First Community Dividend Announcement

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

Institutional Trading of First Community

Hedge funds have recently made changes to their positions in the stock. Hobbs Group Advisors LLC acquired a new stake in First Community in the second quarter worth $49,000. Cubist Systematic Strategies LLC acquired a new stake in shares of First Community in the 2nd quarter worth about $58,000. BNP Paribas Financial Markets lifted its position in First Community by 41.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,373 shares of the bank’s stock valued at $59,000 after purchasing an additional 981 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in First Community in the 2nd quarter valued at about $190,000. Finally, Barclays PLC boosted its stake in First Community by 214.0% during the 3rd quarter. Barclays PLC now owns 10,046 shares of the bank’s stock valued at $215,000 after purchasing an additional 6,847 shares during the period. Institutional investors own 61.25% of the company’s stock.

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.