Last Updated: 19 Sep 2024
Executive Summary
First Community Corporation (FCCO) is a community bank holding company headquartered in Lexington, South Carolina. The company offers a range of commercial and retail banking products and services to small and medium-sized businesses, professional companies, and individuals. FCCO has a market capitalization of $166.14 million and is currently trading at $21.5 per share. The company has a trailing price-to-earnings (P/E) ratio of 15.32 and a forward P/E ratio of 11.16. Analysts have a consensus rating of "Buy" for FCCO, with a target price of $23.5.
Company Overview
First Community Corporation was founded in 1998 and has grown to become one of the largest community banks in South Carolina. The company has 26 branches located throughout the state. FCCO offers a variety of banking products and services, including checking and savings accounts, loans, and investment services. The company also provides online and mobile banking services.
Fundamental Analysis
FCCO has a strong financial profile. The company has a Tier 1 capital ratio of 10.8%, which is well above the regulatory minimum. FCCO also has a low level of non-performing loans and a high level of loan loss reserves. The company's profitability metrics are also strong. FCCO has a net interest margin of 3.5% and a return on equity of 8.39%.
Technical Analysis
FCCO's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is also above 50, which indicates that the stock is in a bullish trend.
Short Term Outlook
FCCO's stock price is expected to continue to rise in the short term. The company has a strong financial profile and its stock is trading at a reasonable valuation. Analysts have a consensus rating of "Buy" for FCCO, with a target price of $23.5.
Long Term Outlook
FCCO is well-positioned for long-term growth. The company has a strong market share in South Carolina and is expanding into new markets. FCCO is also investing in new technologies and products to meet the needs of its customers. The company's long-term growth prospects are supported by its strong financial profile and its commitment to customer service.
Analyst Recommendations
Analysts have a consensus rating of "Buy" for FCCO, with a target price of $23.5. The analysts believe that FCCO is a well-managed company with a strong financial profile. The company is also well-positioned for long-term growth.
