Zacks: First Community Co. (FCCO) Given $23.00 Consensus Target Price by Analysts
First Community Co. (NASDAQ:FCCO) has been given a consensus broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company.
Analysts have set a 1 year consensus price objective of $23.00 for the company and are predicting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Community an industry rank of 53 out of 265 based on the ratings given to related companies.
Several research firms have recently weighed in on FCCO. ValuEngine cut shares of First Community from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Zacks Investment Research upgraded shares of First Community from a “sell” rating to a “hold” rating in a report on Friday, October 20th.
First Community (NASDAQ FCCO) opened at $22.60 on Monday. The firm has a market cap of $151.56, a P/E ratio of 21.73 and a beta of 0.87. First Community has a 1-year low of $16.10 and a 1-year high of $24.87. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.37.
First Community (NASDAQ:FCCO) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The company had revenue of $9.65 million during the quarter, compared to analyst estimates of $9.79 million. First Community had a net margin of 17.69% and a return on equity of 8.44%. sell-side analysts expect that First Community will post 1.07 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in FCCO. Janus Henderson Group PLC lifted its position in shares of First Community by 136.9% in the third quarter. Janus Henderson Group PLC now owns 128,725 shares of the bank’s stock worth $2,632,000 after purchasing an additional 74,397 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of First Community in the first quarter worth $1,146,000. Independent Advisor Alliance bought a new stake in shares of First Community in the third quarter worth $904,000. The Manufacturers Life Insurance Company lifted its position in shares of First Community by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 390,962 shares of the bank’s stock worth $8,210,000 after purchasing an additional 7,919 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of First Community by 2.1% in the second quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock worth $406,000 after purchasing an additional 406 shares in the last quarter. 47.87% of the stock is currently owned by institutional investors and hedge funds.
First Community 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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