First Community Co. (NASDAQ:FCCO) Expected to Report Quarterly Sales of $14.21 Million
Analysts are predicting First Community Co. (NASDAQ:FCCO – Get Rating) to post $14.21 million in revenue for the current quarter, according to Zacks Investment Research. Three analysts have released estimates of First Community’s earnings, with estimates ranging from $14.20 million to $14.23 million. First Community recorded sales of $13.86 million in the same quarter last year, which would indicate a positive growth rate of 2.5% year over year. The company is expected to release its next quarterly earnings report on Wednesday, April 20.
On average, analysts expect First Community to report annual sales of $59.02 million for the current year, with estimates ranging from $58.67 million to $59.20 million. For the next fiscal year, analysts expect the company to record sales of $63.44 million, with estimates ranging from $62.16 million to $64.36 million. Zacks sales calculations are an average based on a survey of research companies that cover First Community.
First Community (NASDAQ:FCCO – Get Rating) last released its results on Wednesday, January 19. The bank reported earnings per share (EPS) of $0.52 for the quarter, beating the Zacks consensus estimate of $0.49 by $0.03. First Community had a return on equity of 11.32% and a net margin of 25.18%.
A number of research companies have weighed in on FCCO recently. Zacks Investment Research downgraded shares of First Community from a “buy” rating to a “hold” rating in a Friday, Jan. 21 research note. Raymond James downgraded First Community shares from an “outperforming” rating to a “market performing” rating in a Thursday, Jan. 20, research note. Finally, StockNews.com began covering First Community stocks in a research note on Thursday. They issued a “hold” rating on the stock.
A number of hedge funds have recently increased or reduced their stake in FCCO. Royal Bank of Canada increased its stake in First Community shares by 167.0% in the second quarter. Royal Bank of Canada now owns 1,781 shares of the bank valued at $36,000 after purchasing an additional 1,114 shares during the period. CWM LLC purchased a new stake in First Community stock in the fourth quarter worth approximately $78,000. Two Sigma Advisers LP purchased a new stake in First Community stock in the third quarter worth approximately $257,000. Goldman Sachs Group Inc. increased its stake in First Community shares by 46.8% in the second quarter. Goldman Sachs Group Inc. now owns 17,709 shares of the bank valued at $358,000 after purchasing an additional 5,642 shares during the period. Finally, Ancora Advisors LLC increased its stake in First Community shares by 20.7% in the third quarter. Ancora Advisors LLC now owns 30,865 shares of the bank valued at $611,000 after purchasing an additional 5,300 shares during the period. Institutional investors hold 51.60% of the company’s shares.
FCCO opened at $21.25 on Friday. The stock has a fifty-day moving average of $20.88 and a 200-day moving average of $20.59. The company has a market capitalization of $160.31 million, a P/E ratio of 10.37 and a beta of 0.64. First Community has a 12 month minimum of $18.00 and a 12 month maximum of $23.42. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt ratio of 0.11.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 15. Shareholders of record on Tuesday, February 1 received a dividend of $0.13 per share. This represents a dividend of $0.52 on an annualized basis and a yield of 2.45%. This is a boost from First Community’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, January 31. First Community’s dividend payout ratio is 25.37%.
First Community Company Profile (Get an assessment)
First Community Corp. is a bank holding company that provides commercial banking services through its subsidiary, First Community Bank. It operates through the following segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Depository, and Corporate.
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