First Community Co. (FCCO) to Issue Quarterly Dividend of $0.15 on November 12th

First Community Co. (NASDAQ:FCCO) declared a quarterly dividend on Tuesday, October 15th, Zacks reports. Shareholders of record on Tuesday, October 29th will be paid a dividend of 0.15 per share by the bank on Tuesday, November 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, October 29th.

First Community has raised its dividend by an average of 5.3% per year over the last three years. First Community has a dividend payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Community to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 29.3%.

First Community Stock Performance

NASDAQ:FCCO opened at $22.48 on Friday. The stock’s 50-day moving average is $21.68 and its 200-day moving average is $19.18. First Community has a 1-year low of $15.40 and a 1-year high of $23.96. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.48. The stock has a market cap of $171.75 million, a P/E ratio of 13.30 and a beta of 0.41.

First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, October 16th. The bank reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $26.73 million for the quarter, compared to analyst estimates of $16.65 million. First Community had a net margin of 12.99% and a return on equity of 9.75%. During the same period in the previous year, the firm posted $0.23 EPS. Equities research analysts anticipate that First Community will post 1.72 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised First Community from a “sell” rating to a “hold” rating in a research report on Monday, July 1st.

First Community Company Profile

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.