First Community (NASDAQ:FCCO) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of First Community Corporation (NASDAQ:FCCO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.53 and traded as high as $30.65. First Community shares last traded at $30.02, with a volume of 38,311 shares trading hands.

Analyst Upgrades and Downgrades

FCCO has been the topic of several recent research reports. Hovde Group lifted their target price on shares of First Community from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of First Community in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.00.

First Community Price Performance

The company’s 50-day moving average is $29.76 and its 200-day moving average is $28.56. The firm has a market capitalization of $221.63 million, a price-to-earnings ratio of 11.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.78.

First Community (NASDAQ:FCCO) last issued its earnings results on Wednesday, January 28th. The bank reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $20.60 million for the quarter, compared to analyst estimates of $20.25 million. First Community had a return on equity of 12.96% and a net margin of 16.85%. On average, research analysts expect that First Community Corporation will post 2.28 earnings per share for the current year.

First Community Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 10th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.64 annualized dividend and a dividend yield of 2.2%. First Community’s dividend payout ratio is presently 25.91%.

Institutional Investors Weigh In On First Community

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in First Community during the 3rd quarter valued at $26,000. CWM LLC purchased a new stake in shares of First Community during the third quarter worth about $31,000. BNP Paribas Financial Markets lifted its stake in shares of First Community by 324.2% in the second quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock worth $33,000 after acquiring an additional 1,031 shares in the last quarter. Federated Hermes Inc. boosted its holdings in First Community by 116.2% in the third quarter. Federated Hermes Inc. now owns 1,405 shares of the bank’s stock valued at $40,000 after purchasing an additional 755 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in First Community during the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 61.25% of the company’s stock.

First Community Company Profile

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.