First Community (NASDAQ:FCCO) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

First Community Co. (NASDAQ:FCCO)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.66 and traded as high as $24.46. First Community shares last traded at $24.46, with a volume of 7,698 shares changing hands.

First Community Stock Performance

The company has a fifty day moving average price of $24.55 and a 200 day moving average price of $21.66. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $186.90 million, a P/E ratio of 14.47 and a beta of 0.40.

First Community (NASDAQ:FCCO) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. First Community had a net margin of 12.99% and a return on equity of 9.57%. The business had revenue of $26.73 million during the quarter, compared to analyst estimates of $16.65 million. During the same quarter in the previous year, the business posted $0.23 EPS. On average, equities analysts expect that First Community Co. will post 1.76 EPS for the current year.

First Community Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, October 29th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.60 annualized dividend and a yield of 2.45%. First Community’s payout ratio is 35.50%.

Institutional Trading of First Community

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new position in shares of First Community during the second quarter valued at approximately $58,000. Point72 Asia Singapore Pte. Ltd. bought a new position in First Community during the 2nd quarter valued at $190,000. Barclays PLC boosted its holdings in First Community by 214.0% during the 3rd quarter. Barclays PLC now owns 10,046 shares of the bank’s stock worth $215,000 after acquiring an additional 6,847 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of First Community in the 2nd quarter worth $261,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of First Community in the third quarter valued at about $289,000. 61.25% of the stock is owned by institutional investors.

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.