First Community (NASDAQ:FCCO) Share Price Passes Above 200 Day Moving Average – Time to Sell?

First Community Co. (NASDAQ:FCCO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.08 and traded as high as $24.70. First Community shares last traded at $24.42, with a volume of 37,006 shares trading hands.

First Community Trading Up 0.5 %

The stock has a market capitalization of $186.57 million, a PE ratio of 14.45 and a beta of 0.39. 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 business’s 50-day moving average is $22.52 and its two-hundred day moving average is $20.08.

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

First Community Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, October 29th. First Community’s dividend payout ratio is presently 35.50%.

Institutional Investors Weigh In On First Community

Several hedge funds have recently bought and sold shares of the business. Hobbs Group Advisors LLC acquired a new position in shares of First Community during the 2nd quarter valued at about $49,000. Cubist Systematic Strategies LLC acquired a new position in First Community during the second quarter worth $58,000. BNP Paribas Financial Markets raised its stake in shares of First Community by 41.0% in the first quarter. BNP Paribas Financial Markets now owns 3,373 shares of the bank’s stock valued at $59,000 after acquiring an additional 981 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in First Community during the 2nd quarter worth about $190,000. Finally, Barclays PLC lifted its stake in shares of First Community by 214.0% during the third quarter. Barclays PLC now owns 10,046 shares of the bank’s stock valued at $215,000 after acquiring an additional 6,847 shares during the period. 61.25% of the stock is owned by hedge funds and other institutional investors.

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.