First Community (NASDAQ:FCCO) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of First Community (NASDAQ:FCCO) from a hold rating to a sell rating in a report released on Friday.

Separately, Raymond James raised First Community from a market perform rating to an outperform rating and set a $21.00 price objective for the company in a report on Thursday, January 25th.

First Community Trading Up 0.3 %

NASDAQ FCCO opened at $16.00 on Friday. The company has a market cap of $122.08 million, a PE ratio of 11.19 and a beta of 0.43. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.80. First Community has a 12 month low of $15.40 and a 12 month high of $22.00. The stock has a 50 day moving average of $16.80 and a 200-day moving average of $17.91.

First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $24.44 million during the quarter, compared to the consensus estimate of $14.83 million. First Community had a return on equity of 8.69% and a net margin of 12.32%. On average, equities research analysts anticipate that First Community will post 1.55 EPS for the current fiscal year.

First Community Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.50%. The ex-dividend date is Monday, April 29th. First Community’s dividend payout ratio is 39.16%.

Institutional Investors Weigh In On First Community

Several hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in First Community by 1.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 409,357 shares of the bank’s stock valued at $8,678,000 after purchasing an additional 4,305 shares during the last quarter. Vanguard Group Inc. lifted its holdings in First Community by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 405,949 shares of the bank’s stock valued at $8,740,000 after purchasing an additional 12,029 shares during the last quarter. BlackRock Inc. lifted its holdings in First Community by 669.9% during the 2nd quarter. BlackRock Inc. now owns 334,490 shares of the bank’s stock valued at $5,807,000 after purchasing an additional 291,045 shares during the last quarter. Strategic Value Bank Partners LLC increased its position in First Community by 0.3% during the 4th quarter. Strategic Value Bank Partners LLC now owns 290,114 shares of the bank’s stock worth $6,246,000 after buying an additional 892 shares during the period. Finally, Fourthstone LLC increased its position in 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 buying an additional 94,705 shares during the period. Institutional investors and hedge funds own 61.25% of the company’s stock.

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.