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

First Community Co. (NASDAQ:FCCO - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.52 and traded as high as $24.04. First Community shares last traded at $23.42, with a volume of 10,019 shares.

First Community Stock Up 1.5 %

The business has a 50-day moving average price of $22.00 and a 200 day moving average price of $19.58. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $181.53 million, a P/E ratio of 14.06 and a beta of 0.39.

First Community (NASDAQ:FCCO - Get Free Report) 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. First Community had a net margin of 12.99% and a return on equity of 9.75%. The business had revenue of $26.73 million during the quarter, compared to analyst estimates of $16.65 million. During the same quarter last year, the business earned $0.23 earnings per share. On average, equities analysts expect that First Community Co. will post 1.76 EPS for the current fiscal year.

First Community Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.60 annualized dividend and a yield of 2.53%. First Community's payout ratio is currently 35.50%.

Hedge Funds Weigh In On First Community

Institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Value Bank Partners LLC lifted its position in First Community by 0.3% in the second quarter. Strategic Value Bank Partners LLC now owns 291,998 shares of the bank's stock worth $5,037,000 after buying an additional 975 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of First Community by 41.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,373 shares of the bank's stock worth $59,000 after purchasing an additional 981 shares during the period. Ancora Advisors LLC grew its holdings in First Community by 1.3% during the 1st quarter. Ancora Advisors LLC now owns 79,671 shares of the bank's stock valued at $1,389,000 after purchasing an additional 1,050 shares during the last quarter. Empowered Funds LLC raised its position in First Community by 8.1% in the 1st quarter. Empowered Funds LLC now owns 32,688 shares of the bank's stock worth $570,000 after purchasing an additional 2,450 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new position in shares of First Community during the second quarter valued at approximately $49,000. 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.