First Community Analyst Turns Bullish After Q4 Print: ‘Conversations With Borrowers Picked Up’
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Shares of First Community Corp (NASDAQ: FCCO) rose in premarket trading on Thursday, after the company reported higher-than-expected fourth-quarter earnings.
The Lexington, South Carolina-based company’s earnings appear to be reaching a bottom. They should receive a boost from the Federal Reserve’s upcoming rate cuts and “organic growth from the bank’s strong markets in South Carolina and Georgia,” according to Raymond James.
The First Community Analyst: Steve Moss upgraded the rating for First Community from Market Perform to Outperform, while establishing a price target of $21.
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The First Community …
Full story available on Benzinga.com
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