First Community (NASDAQ:FCCO) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of First Community Co. (NASDAQ:FCCO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.95 and traded as high as $24.15. First Community shares last traded at $23.81, with a volume of 23,774 shares.

First Community Stock Performance

The company has a market capitalization of $181.09 million, a price-to-earnings ratio of 14.02 and a beta of 0.42. The firm has a fifty day simple moving average of $24.73 and a 200 day simple moving average of $22.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79.

First Community (NASDAQ:FCCO) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $26.73 million for the quarter, compared to analysts’ expectations of $16.65 million. First Community had a net margin of 12.99% and a return on equity of 9.57%. During the same quarter last year, the company earned $0.23 EPS. On average, analysts anticipate that First Community Co. will post 1.76 earnings per share for the current fiscal year.

First Community Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, October 29th. This represents a $0.60 annualized dividend and a yield of 2.53%. First Community’s dividend payout ratio (DPR) is presently 35.50%.

Institutional Investors Weigh In On First Community

A number of large investors have recently made changes to their positions in FCCO. Independent Advisor Alliance grew its position in First Community by 0.7% in the third quarter. Independent Advisor Alliance now owns 105,945 shares of the bank’s stock worth $2,271,000 after acquiring an additional 690 shares during the period. Strategic Value Bank Partners LLC lifted its position in First Community by 0.3% in the second quarter. Strategic Value Bank Partners LLC now owns 291,998 shares of the bank’s stock valued at $5,037,000 after buying an additional 975 shares during the last quarter. State Street Corp boosted its stake in First Community by 5.6% during the third quarter. State Street Corp now owns 22,795 shares of the bank’s stock worth $489,000 after buying an additional 1,200 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of First Community during the second quarter valued at about $58,000. Finally, Acadian Asset Management LLC raised its stake in shares of First Community by 22.1% in the 2nd quarter. Acadian Asset Management LLC now owns 19,474 shares of the bank’s stock valued at $335,000 after acquiring an additional 3,525 shares during the period. 61.25% of the stock is currently owned by hedge funds and other institutional investors.

About First Community

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.