First Community (NASDAQ:FCCO) Releases Earnings Results, Beats Estimates By $0.15 EPS

by · The Markets Daily

First Community (NASDAQ:FCCO – Get Free Report) posted its quarterly earnings results on Wednesday. The bank reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.15, Zacks reports. First Community had a net margin of 17.29% and a return on equity of 13.00%.

First Community Price Performance

NASDAQ:FCCO traded down $0.44 during trading hours on Wednesday, reaching $31.80. 14,284 shares of the company’s stock were exchanged, compared to its average volume of 79,213. First Community has a 12 month low of $24.12 and a 12 month high of $34.01. The business’s 50-day simple moving average is $31.52 and its two-hundred day simple moving average is $30.27. The company has a market capitalization of $298.94 million, a P/E ratio of 12.52 and a beta of 0.34. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of First Community in a report on Friday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, First Community currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Read Our Latest Stock Report on FCCO

Institutional Investors Weigh In On First Community

Several large investors have recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of First Community by 5.6% in the fourth quarter. Empowered Funds LLC now owns 13,232 shares of the bank’s stock worth $392,000 after buying an additional 700 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in First Community by 3.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 22,869 shares of the bank’s stock valued at $678,000 after buying an additional 700 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of First Community in the third quarter valued at approximately $26,000. Bank of America Corp DE grew its stake in shares of First Community by 12.1% in the third quarter. Bank of America Corp DE now owns 8,683 shares of the bank’s stock worth $245,000 after acquiring an additional 937 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in First Community by 324.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,031 shares during the last quarter. Institutional investors own 61.25% of the company’s stock.

About First Community

(Get Free Report)

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.

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