First Community (NASDAQ:FCCO) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of First Community (NASDAQ:FCCOGet Rating) in a report released on Monday. The firm issued a hold rating on the bank’s stock.

First Community Stock Performance

NASDAQ FCCO opened at $20.60 on Monday. The company has a market capitalization of $155.94 million, a price-to-earnings ratio of 10.79 and a beta of 0.54. First Community has a twelve month low of $16.97 and a twelve month high of $23.42. The stock has a fifty day simple moving average of $18.53 and a 200 day simple moving average of $18.52. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.13.

First Community Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, October 31st. This represents a $0.52 dividend on an annualized basis and a yield of 2.52%. First Community’s payout ratio is 27.23%.

Institutional Trading of First Community

A number of institutional investors and hedge funds have recently bought and sold shares of FCCO. Strategic Value Bank Partners LLC increased its holdings in First Community by 58.2% in the first quarter. Strategic Value Bank Partners LLC now owns 218,410 shares of the bank’s stock valued at $4,630,000 after purchasing an additional 80,358 shares during the period. Banc Funds Co. LLC boosted its position in First Community by 11.1% during the first quarter. Banc Funds Co. LLC now owns 400,522 shares of the bank’s stock valued at $8,491,000 after acquiring an additional 40,018 shares during the last quarter. Walthausen & Co. LLC boosted its position in First Community by 0.7% during the first quarter. Walthausen & Co. LLC now owns 109,040 shares of the bank’s stock valued at $2,312,000 after acquiring an additional 740 shares during the last quarter. BlackRock Inc. boosted its position in First Community by 31.4% during the first quarter. BlackRock Inc. now owns 51,604 shares of the bank’s stock valued at $1,094,000 after acquiring an additional 12,340 shares during the last quarter. Finally, Fourthstone LLC boosted its position in shares of First Community by 50.9% during the 1st quarter. Fourthstone LLC now owns 280,735 shares of the bank’s stock worth $5,952,000 after purchasing an additional 94,705 shares in the last quarter. 49.97% of the stock is currently owned by institutional investors and hedge funds.

First Community Company Profile

(Get Rating)

First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.

Further Reading

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