First Community (NASDAQ:FCCO) Announces Quarterly Earnings Results

First Community (NASDAQ:FCCO) announced its quarterly earnings results on Wednesday. The bank reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06, Zacks reports. First Community had a return on equity of 8.33% and a net margin of 11.60%. The company 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 company posted $0.23 earnings per share.

First Community Price Performance

Shares of First Community stock traded up $0.43 during mid-day trading on Thursday, reaching $23.59. 623 shares of the stock were exchanged, compared to its average volume of 28,622. 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 company has a market cap of $179.97 million, a price-to-earnings ratio of 16.50 and a beta of 0.41. First Community has a fifty-two week low of $15.40 and a fifty-two week high of $23.76. The firm has a 50-day simple moving average of $21.35 and a 200 day simple moving average of $18.89.

First Community Dividend Announcement

The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, October 29th. First Community’s dividend payout ratio is 41.96%.

Wall Street Analysts Forecast Growth

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

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.