State Street Corp Grows Stake in First Community Co. (NASDAQ:FCCO)

State Street Corp boosted its stake in First Community Co. (NASDAQ:FCCO) by 5.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 22,795 shares of the bank’s stock after buying an additional 1,200 shares during the quarter. State Street Corp’s holdings in First Community were worth $489,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fourthstone LLC raised its holdings in shares of First Community by 28.9% during the third quarter. Fourthstone LLC now owns 400,225 shares of the bank’s stock valued at $8,581,000 after acquiring an additional 89,652 shares during the last quarter. Strategic Value Bank Partners LLC raised its stake in First Community by 0.3% in the 2nd quarter. Strategic Value Bank Partners LLC now owns 291,998 shares of the bank’s stock valued at $5,037,000 after purchasing an additional 975 shares during the last quarter. Independent Advisor Alliance raised its stake in First Community by 0.7% in the 3rd quarter. Independent Advisor Alliance now owns 105,945 shares of the bank’s stock valued at $2,271,000 after purchasing an additional 690 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in First Community by 22.1% in the 2nd quarter. Acadian Asset Management LLC now owns 19,474 shares of the bank’s stock valued at $335,000 after purchasing an additional 3,525 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in First Community during the 2nd quarter worth $261,000. 61.25% of the stock is currently owned by institutional investors and hedge funds.

First Community Price Performance

Shares of NASDAQ FCCO opened at $23.70 on Friday. The stock has a market capitalization of $181.09 million, a price-to-earnings ratio of 14.02 and a beta of 0.42. First Community Co. has a 52 week low of $15.40 and a 52 week high of $26.48. The firm has a 50-day simple moving average of $24.73 and a 200-day simple moving average of $22.00. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45.

First Community (NASDAQ:FCCO) last released 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 business 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 9.57%. During the same period last year, the company posted $0.23 EPS. On average, equities analysts predict that First Community Co. will post 1.76 earnings per share for the current fiscal year.

First Community Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.53%. The ex-dividend date was Tuesday, October 29th. First Community’s payout ratio is currently 35.50%.

First Community 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.