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

First Community Co. (NASDAQ:FCCO) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Tuesday, February 4th will be given a dividend of 0.15 per share by the bank on Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.42%.

First Community has raised its dividend by an average of 6.5% annually over the last three years. First Community has a dividend payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Community to earn $2.08 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 28.8%.

First Community Stock Performance

Shares of FCCO traded up $0.60 during mid-day trading on Wednesday, hitting $24.83. 7,832 shares of the company’s stock were exchanged, compared to its average volume of 23,997. The firm has a market capitalization of $189.66 million, a P/E ratio of 14.69 and a beta of 0.42. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $24.62 and its two-hundred day moving average is $22.57. First Community has a fifty-two week low of $15.40 and a fifty-two week high of $26.48.

First Community (NASDAQ:FCCO) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. First Community had a net margin of 12.99% and a return on equity of 9.57%. During the same quarter last year, the business earned $0.43 EPS. On average, equities analysts expect that First Community will post 1.76 earnings per share for the current year.

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.