First Community (NASDAQ:FCCO) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

First Community Co. (NASDAQ:FCCO - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.95 and traded as high as $24.15. First Community shares last traded at $23.81, with a volume of 23,774 shares trading hands.

First Community Trading Down 0.5 %

The company has a market cap of $181.09 million, a price-to-earnings ratio of 14.02 and a beta of 0.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79. The business's 50-day simple moving average is $24.73 and its 200-day simple moving average is $22.00.

First Community (NASDAQ:FCCO - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.06. The business had revenue of $26.73 million during the quarter, compared to analysts' expectations 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 last year, the company posted $0.23 EPS. Research analysts predict that First Community Co. will post 1.76 earnings per share for the current fiscal year.

First Community Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors 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 dividend yield of 2.53%. The ex-dividend date of this dividend was Tuesday, October 29th. First Community's payout ratio is currently 35.50%.

Institutional Investors Weigh In On First Community

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of First Community in the second quarter valued at $58,000. Barclays PLC boosted its stake in First Community by 214.0% in the 3rd quarter. Barclays PLC now owns 10,046 shares of the bank's stock worth $215,000 after buying an additional 6,847 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in First Community in the 2nd quarter valued at about $190,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of First Community during the 3rd quarter valued at about $289,000. Finally, Squarepoint Ops LLC purchased a new position in shares of First Community during the 2nd quarter worth about $261,000. 61.25% of the stock is currently owned by hedge funds and other institutional investors.

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.