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

First Community (NASDAQ:FCCO) announced its quarterly earnings data on Wednesday. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.06, Zacks reports. First Community had a return on equity of 10.14% and a net margin of 13.49%. During the same period last year, the company earned $0.43 earnings per share.

First Community Trading Up 5.7 %

NASDAQ:FCCO opened at $25.97 on Friday. The firm has a market capitalization of $198.41 million, a P/E ratio of 14.35 and a beta of 0.42. The business has a 50 day simple moving average of $24.60 and a 200 day simple moving average of $22.64. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79. First Community has a 12-month low of $15.40 and a 12-month high of $26.73.

First Community Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Tuesday, February 4th. First Community’s payout ratio is 33.15%.

Analysts Set New Price Targets

Several research firms recently issued reports on FCCO. Raymond James raised First Community from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $27.00 to $30.00 in a research report on Thursday. Hovde Group boosted their target price on shares of First Community from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday.

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.