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

First Community Co. (NASDAQ:FCCO) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.66 and traded as high as $24.46. First Community shares last traded at $24.46, with a volume of 7,698 shares trading hands.

First Community Stock Up 1.6 %

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 stock has a market capitalization of $186.90 million, a P/E ratio of 14.47 and a beta of 0.40. The stock’s 50-day moving average price is $24.55 and its two-hundred day moving average price is $21.66.

First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $26.73 million for the quarter, compared to the consensus estimate of $16.65 million. First Community had a net margin of 12.99% and a return on equity of 9.57%. During the same period in the prior year, the firm earned $0.23 earnings per share. As a group, research analysts expect that First Community Co. will post 1.76 earnings per share for the current fiscal year.

First Community Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, October 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Tuesday, October 29th. First Community’s dividend payout ratio (DPR) is presently 35.50%.

Institutional Investors Weigh In On First Community

Hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new position in shares of First Community in the second quarter valued at $261,000. Cubist Systematic Strategies LLC bought a new position in First Community in the 2nd quarter worth about $58,000. Point72 Asia Singapore Pte. Ltd. bought a new position in First Community in the 2nd quarter worth about $190,000. Acadian Asset Management LLC grew its holdings in First Community by 22.1% during the 2nd quarter. Acadian Asset Management LLC now owns 19,474 shares of the bank’s stock valued at $335,000 after buying an additional 3,525 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of First Community during the third quarter valued at about $289,000. Institutional investors own 61.25% of the company’s stock.

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.