First Community Co. (NASDAQ:FCCO) Plans Quarterly Dividend of $0.15

First Community Co. (NASDAQ:FCCO) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Investors of record on Tuesday, February 4th will be given a dividend of 0.15 per share by the bank on Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 2.44%.

First Community has increased its dividend payment by an average of 6.5% annually over the last three years. First Community has a payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Community to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 28.8%.

First Community Trading Up 1.4 %

Shares of FCCO stock opened at $24.57 on Thursday. First Community has a twelve month low of $15.40 and a twelve month high of $26.48. The stock has a market cap of $187.71 million, a price-to-earnings ratio of 14.54 and a beta of 0.42. The company’s 50-day moving average price is $24.60 and its 200-day moving average price is $22.63. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45.

First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.06. First Community had a net margin of 12.99% and a return on equity of 9.57%. During the same period last year, the business posted $0.43 EPS. As a group, equities analysts predict that First Community will post 1.76 earnings per share for the current year.

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.