Equities research analysts expect First Community Co. (NASDAQ:FCCO) to announce $12.04 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for First Community’s earnings. The highest sales estimate is $12.10 million and the lowest is $11.98 million. First Community reported sales of $11.85 million in the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The business is expected to report its next quarterly earnings report on Wednesday, July 17th.
On average, analysts expect that First Community will report full-year sales of $48.18 million for the current financial year, with estimates ranging from $48.16 million to $48.20 million. For the next year, analysts anticipate that the company will report sales of $50.48 million, with estimates ranging from $50.00 million to $50.95 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for First Community.
First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, April 17th. The bank reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). First Community had a return on equity of 9.92% and a net margin of 21.47%. The company had revenue of $11.53 million during the quarter, compared to analyst estimates of $11.74 million.
Several research firms recently weighed in on FCCO. ValuEngine upgraded First Community from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research upgraded First Community from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 18th.
FCCO traded up $0.36 on Thursday, hitting $19.05. The company had a trading volume of 411 shares, compared to its average volume of 55,606. The stock’s fifty day simple moving average is $18.13. First Community has a 1-year low of $17.08 and a 1-year high of $26.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market capitalization of $153.22 million, a PE ratio of 12.99 and a beta of 0.86.
Hedge funds and other institutional investors have recently modified their holdings of the business. Abacus Planning Group Inc. increased its position in First Community by 714.8% in the 4th quarter. Abacus Planning Group Inc. now owns 90,144 shares of the bank’s stock worth $1,751,000 after buying an additional 79,080 shares during the period. BlackRock Inc. increased its position in shares of First Community by 2.6% during the fourth quarter. BlackRock Inc. now owns 359,482 shares of the bank’s stock valued at $6,986,000 after purchasing an additional 9,217 shares during the period. Penn Capital Management Co. Inc. increased its position in shares of First Community by 3.2% during the fourth quarter. Penn Capital Management Co. Inc. now owns 88,971 shares of the bank’s stock valued at $1,729,000 after purchasing an additional 2,788 shares during the period. Dimensional Fund Advisors LP increased its position in shares of First Community by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 82,466 shares of the bank’s stock valued at $1,602,000 after purchasing an additional 7,360 shares during the period. Finally, Pwmco LLC increased its position in shares of First Community by 8.7% during the first quarter. Pwmco LLC now owns 242,350 shares of the bank’s stock valued at $4,622,000 after purchasing an additional 19,475 shares during the period. 53.40% of the stock is currently owned by institutional investors.
First Community Company Profile
First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.
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