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

First Community (NASDAQ:FCCO) issued its earnings results on Wednesday. The bank reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06, Zacks reports. First Community had a net margin of 11.60% and a return on equity of 8.33%. The firm had revenue of $26.73 million for the quarter, compared to analysts’ expectations of $16.65 million. During the same quarter last year, the company posted $0.23 earnings per share.

First Community Price Performance

Shares of NASDAQ FCCO traded up $0.43 during mid-day trading on Thursday, reaching $23.59. The company had a trading volume of 623 shares, compared to its average volume of 28,622. First Community has a 1-year low of $15.40 and a 1-year high of $23.76. The stock has a market cap of $179.97 million, a PE ratio of 16.50 and a beta of 0.41. 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 50-day moving average price of $21.35 and a two-hundred day moving average price of $18.89.

First Community Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, October 29th. First Community’s dividend payout ratio is presently 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.