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

First Community Co. (NASDAQ:FCCO - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

First Community Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $186.42 million, a price-to-earnings ratio of 14.45 and a beta of 0.39. The firm's fifty day simple moving average is $22.58 and its 200 day simple moving average is $20.13.

First Community (NASDAQ:FCCO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.06. The firm 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 company posted $0.23 earnings per share. On average, sell-side analysts forecast that First Community Co. will post 1.76 earnings per share for the current year.

First Community Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th were issued 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 35.50%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of First Community by 0.8% during the first quarter. Vanguard Group Inc. now owns 409,203 shares of the bank's stock valued at $7,132,000 after acquiring an additional 3,254 shares in the last quarter. Fourthstone LLC raised its stake in shares of First Community by 28.9% in the third quarter. Fourthstone LLC now owns 400,225 shares of the bank's stock worth $8,581,000 after buying an additional 89,652 shares during the period. Strategic Value Bank Partners LLC raised its stake in First Community by 0.3% during the 2nd quarter. Strategic Value Bank Partners LLC now owns 291,998 shares of the bank's stock valued at $5,037,000 after purchasing an additional 975 shares during the period. Independent Advisor Alliance grew its holdings in First Community by 0.7% during the 3rd quarter. Independent Advisor Alliance now owns 105,945 shares of the bank's stock valued at $2,271,000 after buying an additional 690 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of First Community by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,088 shares of the bank's stock worth $1,782,000 after purchasing an additional 5,157 shares during the period. Hedge funds and other 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.