First Community (NASDAQ:FCCO) Posts Earnings Results, Beats Estimates By $0.06 EPS

First Community (NASDAQ:FCCO) released its quarterly earnings results on Wednesday. The bank reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06, Zacks reports. The firm had revenue of $26.73 million during the quarter, compared to analyst estimates of $16.65 million. First Community had a net margin of 11.60% and a return on equity of 8.33%. During the same period in the previous year, the business earned $0.23 EPS.

First Community Price Performance

NASDAQ:FCCO traded up $0.43 during midday trading on Thursday, hitting $23.59. The company had a trading volume of 650 shares, compared to its average volume of 28,622. First Community has a 52-week low of $15.40 and a 52-week high of $23.76. The stock’s fifty day moving average price is $21.35 and its 200-day moving average price is $18.89. The company has a market capitalization of $179.97 million, a PE ratio of 16.50 and a beta of 0.41. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.48.

First Community Dividend Announcement

The business also recently announced 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 2.54%. First Community’s dividend payout ratio (DPR) is presently 41.96%.

Wall Street Analysts Forecast Growth

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

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.