First Community (NASDAQ:FCCO) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Shares of First Community Co. (NASDAQ:FCCO - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.12 and traded as high as $23.30. First Community shares last traded at $22.86, with a volume of 16,839 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of First Community from a "sell" rating to a "hold" rating in a report on Monday, July 1st.

First Community Stock Performance

The firm has a fifty day simple moving average of $21.64 and a 200-day simple moving average of $19.12. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a market cap of $171.50 million, a PE ratio of 15.99 and a beta of 0.41.

First Community (NASDAQ:FCCO - Get Free Report) last released its quarterly earnings results 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. First Community had a return on equity of 8.33% and a net margin of 11.60%. The firm had revenue of $26.73 million for the quarter, compared to the consensus estimate of $16.65 million. During the same quarter last year, the business posted $0.23 EPS. On average, research analysts forecast that First Community Co. will post 1.69 EPS for the current fiscal year.

First Community Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, October 29th. This represents a $0.60 annualized dividend and a yield of 2.67%. First Community's dividend payout ratio (DPR) is 41.96%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FCCO. Hobbs Group Advisors LLC purchased a new stake in shares of First Community in the second quarter valued at about $49,000. Cubist Systematic Strategies LLC purchased a new stake in First Community during the 2nd quarter valued at approximately $58,000. BNP Paribas Financial Markets raised its stake in First Community by 41.0% during the 1st 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 stake in First Community during the 2nd quarter worth approximately $190,000. Finally, Quadrature Capital Ltd purchased a new position in shares of First Community in the 1st quarter valued at approximately $239,000. 61.25% of the stock is 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.