$12.29 Million in Sales Expected for First Community Co. (NASDAQ:FCCO) This Quarter

Equities analysts expect First Community Co. (NASDAQ:FCCO) to post sales of $12.29 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for First Community’s earnings, with estimates ranging from $12.27 million to $12.30 million. First Community reported sales of $12.30 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.1%. The company is scheduled to report its next earnings report on Wednesday, July 15th.

According to Zacks, analysts expect that First Community will report full year sales of $50.23 million for the current year, with estimates ranging from $49.70 million to $50.76 million. For the next year, analysts expect that the business will post sales of $50.54 million, with estimates ranging from $49.90 million to $51.17 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for First Community.

First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, April 22nd. The bank reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). First Community had a return on equity of 8.54% and a net margin of 18.63%. The business had revenue of $12.35 million for the quarter, compared to analyst estimates of $12.18 million.

A number of analysts have recently issued reports on FCCO shares. Hovde Group upgraded shares of First Community from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $18.00 to $17.00 in a research note on Monday, April 27th. DA Davidson upgraded shares of First Community from a “neutral” rating to a “buy” rating and set a $17.50 price objective for the company in a research report on Tuesday, June 9th. Stephens assumed coverage on First Community in a research report on Monday, April 20th. They issued an “equal weight” rating and a $16.00 target price on the stock. Zacks Investment Research raised First Community from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine upgraded First Community from a “sell” rating to a “hold” rating in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.38.

Shares of NASDAQ:FCCO traded down $0.73 on Friday, hitting $15.27. The company had a trading volume of 764,127 shares, compared to its average volume of 25,349. The stock has a market cap of $119.40 million, a price-to-earnings ratio of 11.23 and a beta of 0.82. The stock has a 50 day moving average price of $15.04 and a 200 day moving average price of $17.62. First Community has a 1-year low of $12.60 and a 1-year high of $22.00. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.15.

Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG acquired a new stake in shares of First Community in the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. acquired a new position in First Community in the 4th quarter valued at $28,139,000. Bank of New York Mellon Corp lifted its position in shares of First Community by 17.2% during the 1st quarter. Bank of New York Mellon Corp now owns 11,070 shares of the bank’s stock valued at $174,000 after acquiring an additional 1,628 shares during the period. Lincoln National Corp acquired a new stake in shares of First Community during the 4th quarter worth $276,000. Finally, Fourthstone LLC acquired a new stake in shares of First Community during the 4th quarter worth $304,000. 49.41% 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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