First Community Corporation (NASDAQ:FCCO) Announces Quarterly Dividend of $0.16

by · The Cerbat Gem

First Community Corporation (NASDAQ:FCCO – Get Free Report) declared a quarterly dividend on Wednesday, January 28th. Investors of record on Tuesday, February 10th will be given a dividend of 0.16 per share by the bank on Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, February 10th.

First Community has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. First Community has a dividend payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Community to earn $2.83 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 22.6%.

First Community Trading Up 1.0%

Shares of NASDAQ FCCO traded up $0.30 during midday trading on Wednesday, reaching $28.88. The company had a trading volume of 69,353 shares, compared to its average volume of 71,959. The stock has a market cap of $222.09 million, a PE ratio of 12.03 and a beta of 0.38. First Community has a one year low of $19.46 and a one year high of $31.50. The firm’s fifty day moving average price is $29.51 and its 200-day moving average price is $27.80. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09.

First Community (NASDAQ:FCCO – Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The bank reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). First Community had a net margin of 16.69% and a return on equity of 12.46%. On average, equities research analysts anticipate that First Community will post 2.28 earnings per share for the current year.

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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