Analysts Set $16.50 Price Target for First Community Corp. (FCCO)
First Community Corp. (NASDAQ:FCCO) has received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokers have set a twelve-month consensus price objective of $16.50 for the company and are expecting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Community Corp. an industry rank of 112 out of 265 based on the ratings given to related companies.
First Community Corp. (NASDAQ:FCCO) opened at 15.35 on Tuesday. The stock has a 50 day moving average price of $15.26 and a 200 day moving average price of $14.69. The stock has a market cap of $102.83 million, a PE ratio of 16.16 and a beta of 0.78. First Community Corp. has a 52 week low of $12.16 and a 52 week high of $15.75.
First Community Corp. (NASDAQ:FCCO) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. First Community Corp. had a return on equity of 8.03% and a net margin of 17.23%. On average, equities analysts predict that First Community Corp. will post $0.99 earnings per share for the current year.
In other First Community Corp. news, Director George H. Fann, Jr. purchased 2,600 shares of First Community Corp. stock in a transaction that occurred on Thursday, September 22nd. The stock was purchased at an average price of $14.90 per share, with a total value of $38,740.00. Following the completion of the acquisition, the director now owns 78,988 shares of the company’s stock, valued at approximately $1,176,921.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Asset Advisors Corp increased its position in shares of First Community Corp. by 0.9% in the second quarter. Asset Advisors Corp now owns 47,608 shares of the company’s stock worth $666,000 after buying an additional 427 shares in the last quarter. Pinnacle Holdings LLC increased its position in shares of First Community Corp. by 6.1% in the first quarter. Pinnacle Holdings LLC now owns 65,905 shares of the company’s stock worth $950,000 after buying an additional 3,800 shares in the last quarter. Vanguard Group Inc. acquired a new position in shares of First Community Corp. during the second quarter worth approximately $1,140,000. RMB Capital Management LLC increased its position in shares of First Community Corp. by 6.7% in the second quarter. RMB Capital Management LLC now owns 202,870 shares of the company’s stock worth $2,838,000 after buying an additional 12,740 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of First Community Corp. by 1.0% in the first quarter. Wellington Management Group LLP now owns 586,065 shares of the company’s stock worth $8,451,000 after buying an additional 5,574 shares in the last quarter. 43.10% of the stock is owned by hedge funds and other institutional investors.
First Community Corp. Company Profile
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.
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