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

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

First Community Stock Performance

FCCO stock traded up $0.43 during midday trading on Thursday, reaching $23.59. 650 shares of the company’s stock traded hands, compared to its average volume of 28,622. The company has a 50-day moving average price of $21.35 and a two-hundred day moving average price of $18.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.77 and a current ratio of 0.78. First Community has a 52 week low of $15.40 and a 52 week high of $23.76. The firm has a market capitalization of $179.97 million, a PE ratio of 16.50 and a beta of 0.41.

First Community Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.60 dividend on an annualized basis and a yield of 2.54%. First Community’s payout ratio is 41.96%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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.