The Manufacturers Life Insurance Company Has $7.88 Million Stock Position in First Community Co. (NASDAQ:FCCO)

The Manufacturers Life Insurance Company lowered its holdings in First Community Co. (NASDAQ:FCCO) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 367,298 shares of the bank’s stock after selling 10,124 shares during the period. The Manufacturers Life Insurance Company owned approximately 4.81% of First Community worth $7,875,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FCCO. Independent Advisor Alliance lifted its holdings in shares of First Community by 0.7% during the 3rd quarter. Independent Advisor Alliance now owns 105,945 shares of the bank’s stock worth $2,271,000 after acquiring an additional 690 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in First Community during the 3rd quarter worth approximately $289,000. Cubist Systematic Strategies LLC acquired a new position in First Community during the 2nd quarter worth approximately $58,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in First Community during the 2nd quarter worth approximately $190,000. Finally, Squarepoint Ops LLC acquired a new position in First Community during the 2nd quarter worth approximately $261,000. Institutional investors own 61.25% of the company’s stock.

First Community Price Performance

FCCO stock opened at $26.04 on Thursday. The company has a 50 day simple moving average of $23.40 and a 200 day simple moving average of $20.80. The stock has a market cap of $198.95 million, a price-to-earnings ratio of 15.41 and a beta of 0.40. First Community Co. has a 1 year low of $15.40 and a 1 year high of $26.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79.

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, topping analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $26.73 million during the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $0.23 EPS. Research analysts anticipate that First Community Co. will post 1.76 EPS for the current fiscal year.

First Community Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Tuesday, October 29th. First Community’s dividend payout ratio (DPR) is currently 35.50%.

About First Community

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.