First Community shares rally 7% after results beat expectations

First Community (South Carolina)

16/10/2024 21:01

** Shares of First Community Corp  FCCO.O  were up more than
7% on Wednesday, touching their highest level since December
2018, after co issued quarterly results before market open
    ** FCCO shares last traded at $23.18, with stock on track
for biggest one-day pct change since July 
    ** Bearing in mind that LSEG data shows just 3 analyst
ratings for co, FCCO posted Q3 adj. EPS of $0.50, compared with
mean estimate of $0.44, according to data compiled by LSEG,
which showed its net interest income of $13.41 mln was ahead of
$13.25 mln mean estimate
    ** Stock last traded at $22.94 vs mean PT of $23.50,
according to LSEG, which shows 2 'buy' ratings and 1 'hold',
Wednesday's session high was $23.77 
    ** YTD, FCCO shares still down ~0.7%, including Wednesday's
trade







 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +13322191897;))