First Community Co. (NASDAQ:FCCO) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in First Community Co. (NASDAQ:FCCO) by 6.6% during the third quarter, Holdings Channel reports. The institutional investor owned 83,088 shares of the bank’s stock after buying an additional 5,157 shares during the period. Geode Capital Management LLC’s holdings in First Community were worth $1,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Independent Advisor Alliance increased its holdings in shares of 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 acquiring an additional 690 shares during the last quarter. Strategic Value Bank Partners LLC boosted its holdings in First Community by 0.3% in the second 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 in the last quarter. State Street Corp boosted its holdings in First Community by 5.6% in the third quarter. State Street Corp now owns 22,795 shares of the bank’s stock valued at $489,000 after purchasing an additional 1,200 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in First Community during the second quarter worth approximately $58,000. Finally, Acadian Asset Management LLC lifted its position in shares of First Community by 22.1% during the 2nd quarter. Acadian Asset Management LLC now owns 19,474 shares of the bank’s stock worth $335,000 after buying an additional 3,525 shares during the last quarter. 61.25% of the stock is currently owned by institutional investors and hedge funds.

First Community Trading Down 1.2 %

Shares of First Community stock opened at $23.03 on Thursday. The company has a fifty day simple moving average of $24.73 and a 200-day simple moving average of $22.17. First Community Co. has a 12-month low of $15.40 and a 12-month high of $26.48. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. The stock has a market cap of $175.95 million, a price-to-earnings ratio of 13.63 and a beta of 0.40.

First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. First Community had a net margin of 12.99% and a return on equity of 9.57%. The company had revenue of $26.73 million during the quarter, compared to the consensus estimate of $16.65 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, equities analysts forecast that First Community Co. will post 1.76 EPS for the current fiscal year.

First Community Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Tuesday, October 29th. First Community’s dividend payout ratio (DPR) is 35.50%.

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.