Wall Street analysts forecast that First Community Corporation (NASDAQ:FCCO) will report earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for First Community Corporation’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.30. First Community Corporation posted earnings of $0.25 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 16%. The firm is scheduled to report its next earnings results before the market opens on Wednesday, October 18th.
According to Zacks, analysts expect that First Community Corporation will report full year earnings of $1.07 per share for the current year, with EPS estimates ranging from $1.06 to $1.08. For the next fiscal year, analysts anticipate that the company will report earnings of $1.28 per share, with EPS estimates ranging from $1.25 to $1.30. Zacks’ EPS averages are an average based on a survey of research analysts that follow First Community Corporation.
First Community Corporation (NASDAQ:FCCO) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). The business had revenue of $9.69 million during the quarter, compared to analyst estimates of $9.42 million. First Community Corporation had a return on equity of 8.24% and a net margin of 17.39%.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of First Community Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine upgraded shares of First Community Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
In related news, Director George H. Fann, Jr. purchased 5,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $20.55 per share, with a total value of $102,750.00. Following the purchase, the director now directly owns 84,616 shares in the company, valued at approximately $1,738,858.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.73% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. ClariVest Asset Management LLC bought a new stake in shares of First Community Corporation in the 1st quarter valued at about $110,000. Stratos Wealth Partners LTD. bought a new stake in shares of First Community Corporation in the 1st quarter valued at about $226,000. Stifel Financial Corp increased its stake in shares of First Community Corporation by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock valued at $406,000 after acquiring an additional 406 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of First Community Corporation in the 2nd quarter valued at about $1,141,000. Finally, Geode Capital Management LLC bought a new stake in shares of First Community Corporation in the 1st quarter valued at about $1,146,000. 47.13% of the stock is owned by institutional investors.
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First Community Corporation (NASDAQ:FCCO) traded up 1.13% on Friday, hitting $21.20. 1,238 shares of the stock traded hands. The stock has a market capitalization of $141.98 million, a P/E ratio of 20.99 and a beta of 0.81. The company’s 50 day moving average price is $20.76 and its 200-day moving average price is $20.84. First Community Corporation has a 12-month low of $14.80 and a 12-month high of $23.55.
First Community Corporation Company Profile
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.
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