Brokerages Expect First Community Co. (FCCO) Will Post Quarterly Sales of $10.68 Million

Equities research analysts expect First Community Co. (NASDAQ:FCCO) to report $10.68 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for First Community’s earnings, with the lowest sales estimate coming in at $10.43 million and the highest estimate coming in at $10.93 million. First Community posted sales of $8.99 million during the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The business is expected to report its next earnings report on Wednesday, January 17th.

On average, analysts expect that First Community will report full-year sales of $10.68 million for the current fiscal year, with estimates ranging from $38.90 million to $39.31 million. For the next year, analysts forecast that the firm will report sales of $45.94 million per share, with estimates ranging from $45.60 million to $46.28 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover First Community.

First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). First Community had a net margin of 17.69% and a return on equity of 8.44%. The business had revenue of $9.65 million during the quarter, compared to analysts’ expectations of $9.79 million.

Several equities analysts recently issued reports on FCCO shares. Zacks Investment Research upgraded shares of First Community from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. ValuEngine upgraded shares of First Community from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

First Community (FCCO) opened at $23.90 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.37. First Community has a 12 month low of $16.10 and a 12 month high of $24.87. The stock has a market cap of $163.64, a price-to-earnings ratio of 23.46 and a beta of 0.87.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Tuesday, October 31st. First Community’s dividend payout ratio is currently 34.62%.

In other news, Director George H. Fann, Jr. bought 1,903 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was purchased at an average cost of $20.35 per share, for a total transaction of $38,726.05. Following the purchase, the director now directly owns 86,519 shares in the company, valued at approximately $1,760,661.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.73% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp lifted its stake in shares of First Community by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock valued at $406,000 after purchasing an additional 406 shares during the period. Independent Advisor Alliance acquired a new position in First Community during the third quarter worth $904,000. Geode Capital Management LLC acquired a new position in First Community during the first quarter worth $1,146,000. Janus Henderson Group PLC acquired a new position in First Community during the second quarter worth $1,141,000. Finally, The Manufacturers Life Insurance Company raised its position in First Community by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 390,962 shares of the bank’s stock worth $8,210,000 after acquiring an additional 7,919 shares during the period. Hedge funds and other institutional investors own 47.87% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at

First Community Company Profile

First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.

Get a free copy of the Zacks research report on First Community (FCCO)

For more information about research offerings from Zacks Investment Research, visit

Earnings History and Estimates for First Community (NASDAQ:FCCO)

Receive News & Ratings for First Community Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Community Co. and related companies with's FREE daily email newsletter.

Leave a Reply