First Community (NASDAQ:FCCO) Posts Earnings Results, Beats Expectations By $0.06 EPS

First Community (NASDAQ:FCCO) released its earnings results on Wednesday. The bank reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06, Zacks reports. The firm had revenue of $26.73 million for the quarter, compared to the consensus estimate of $16.65 million. First Community had a return on equity of 8.33% and a net margin of 11.60%. During the same period in the prior year, the business posted $0.23 earnings per share.

First Community Trading Up 1.9 %

First Community stock traded up $0.43 during midday trading on Thursday, reaching $23.59. The stock had a trading volume of 650 shares, compared to its average volume of 28,622. The stock’s 50-day simple moving average is $21.35 and its 200 day simple moving average is $18.89. First Community has a twelve month low of $15.40 and a twelve month high of $23.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.77 and a current ratio of 0.78. The stock has a market capitalization of $179.97 million, a PE ratio of 16.20 and a beta of 0.41.

First Community Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Tuesday, October 29th. First Community’s dividend payout ratio (DPR) is currently 41.96%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of First Community from a “sell” rating to a “hold” rating in a research note on Monday, July 1st.

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.