Fourthstone LLC Sells 73,832 Shares of First Community Co. (NASDAQ:FCCO)

Fourthstone LLC cut its position in shares of First Community Co. (NASDAQ:FCCO) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 326,393 shares of the bank’s stock after selling 73,832 shares during the quarter. First Community comprises about 1.5% of Fourthstone LLC’s holdings, making the stock its 21st largest position. Fourthstone LLC owned 4.27% of First Community worth $7,833,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in First Community by 57.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,282 shares of the bank’s stock worth $511,000 after acquiring an additional 7,788 shares during the period. State Street Corp increased 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 worth $489,000 after purchasing an additional 1,200 shares in the last quarter. Barclays PLC lifted its stake in First Community by 214.0% in the third quarter. Barclays PLC now owns 10,046 shares of the bank’s stock valued at $215,000 after buying an additional 6,847 shares during the period. Geode Capital Management LLC boosted its holdings in shares of First Community by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 83,088 shares of the bank’s stock worth $1,782,000 after buying an additional 5,157 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of First Community during the 4th quarter worth approximately $39,000. Institutional investors own 61.25% of the company’s stock.

First Community Stock Performance

FCCO opened at $21.31 on Thursday. The company has a market cap of $163.47 million, a price-to-earnings ratio of 11.77 and a beta of 0.31. The company’s fifty day moving average price is $23.32 and its two-hundred day moving average price is $23.85. First Community Co. has a 1-year low of $15.47 and a 1-year high of $27.96. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45.

First Community (NASDAQ:FCCO) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.06. First Community had a net margin of 13.49% and a return on equity of 10.14%. During the same period in the previous year, the business posted $0.43 EPS. On average, analysts expect that First Community Co. will post 2.28 EPS for the current fiscal year.

First Community Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.60 annualized dividend and a yield of 2.82%. First Community’s dividend payout ratio (DPR) is currently 33.15%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Raymond James upgraded shares of First Community from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $27.00 to $30.00 in a research report on Thursday, January 23rd. Janney Montgomery Scott raised shares of First Community from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, February 4th. Finally, Hovde Group raised their target price on First Community from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd.

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.