First Community Co. (NASDAQ:FCCO) Expected to Post Earnings of $0.36 Per Share

Equities analysts forecast that First Community Co. (NASDAQ:FCCO) will post earnings of $0.36 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for First Community’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.35. First Community posted earnings per share of $0.39 during the same quarter last year, which indicates a negative year over year growth rate of 7.7%. The firm is expected to announce its next earnings results on Wednesday, July 17th.

On average, analysts expect that First Community will report full-year earnings of $1.43 per share for the current year. For the next financial year, analysts anticipate that the firm will post earnings of $1.47 per share, with EPS estimates ranging from $1.40 to $1.53. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow First Community.

First Community (NASDAQ:FCCO) last announced its quarterly earnings results on Wednesday, April 17th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). First Community had a net margin of 21.47% and a return on equity of 9.92%. The business had revenue of $11.53 million for the quarter, compared to analyst estimates of $11.74 million.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised First Community from a “strong sell” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded First Community from a “hold” rating to a “sell” rating in a report on Friday, February 22nd.

FCCO opened at $18.90 on Tuesday. First Community has a fifty-two week low of $17.08 and a fifty-two week high of $26.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.80 and a quick ratio of 0.79. The firm has a market cap of $146.32 million, a PE ratio of 13.35 and a beta of 0.87.

Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in shares of First Community by 4.5% during the 1st quarter. Acadian Asset Management LLC now owns 27,638 shares of the bank’s stock valued at $527,000 after purchasing an additional 1,181 shares during the last quarter. Penn Capital Management Co. Inc. increased its position in shares of First Community by 3.5% during the 1st quarter. Penn Capital Management Co. Inc. now owns 92,096 shares of the bank’s stock valued at $1,756,000 after purchasing an additional 3,125 shares during the last quarter. Cutler Capital Management LLC bought a new position in shares of First Community during the 1st quarter valued at about $286,000. Abacus Planning Group Inc. increased its position in shares of First Community by 11.1% during the 1st quarter. Abacus Planning Group Inc. now owns 100,144 shares of the bank’s stock valued at $1,910,000 after purchasing an additional 10,000 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of First Community by 514.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,517 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,270 shares during the last quarter. 53.40% 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 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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