First Community (FCCO) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

First Community (NASDAQ:FCCO) issued its quarterly earnings data on Wednesday. The bank reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04, Fidelity Earnings reports. The business had revenue of $11.17 million during the quarter, compared to the consensus estimate of $10.83 million. First Community had a net margin of 13.91% and a return on equity of 8.23%.

FCCO stock opened at $22.50 on Thursday. First Community has a 12 month low of $18.50 and a 12 month high of $24.87. The firm has a market capitalization of $170.69, a P/E ratio of 20.64 and a beta of 0.72. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 0.28.

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FCCO has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of First Community from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. FIG Partners downgraded shares of First Community from an “outperform” rating to a “market-perform” rating in a research report on Monday, January 22nd. Finally, ValuEngine upgraded shares of First Community from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd.

In related news, Director Richard K. Bogan sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $21.60, for a total value of $64,800.00. Following the completion of the sale, the director now owns 3,709 shares in the company, valued at approximately $80,114.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.38% of the stock is owned by corporate insiders.

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About First Community

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.

Earnings History for First Community (NASDAQ:FCCO)

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