40,700 Shares in First Community Corporation $FCCO Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in First Community Corporation (NASDAQ:FCCO) during the second quarter, Holdings Channel reports. The firm acquired 40,700 shares of the bank’s stock, valued at approximately $992,000.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC boosted its position in First Community by 115.5% during the first quarter. Millennium Management LLC now owns 195,527 shares of the bank’s stock worth $4,411,000 after purchasing an additional 104,796 shares during the period. Hunter Perkins Capital Management LLC lifted its stake in shares of First Community by 0.3% during the 2nd quarter. Hunter Perkins Capital Management LLC now owns 180,517 shares of the bank’s stock valued at $4,401,000 after buying an additional 530 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of First Community by 36.7% during the 1st quarter. Acadian Asset Management LLC now owns 130,870 shares of the bank’s stock valued at $2,948,000 after buying an additional 35,140 shares in the last quarter. Independent Advisor Alliance boosted its holdings in First Community by 4.1% in the 1st quarter. Independent Advisor Alliance now owns 102,823 shares of the bank’s stock worth $2,320,000 after buying an additional 4,020 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in First Community by 199.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 90,919 shares of the bank’s stock worth $2,051,000 after buying an additional 60,596 shares during the period. 61.25% of the stock is owned by hedge funds and other institutional investors.

First Community Stock Up 0.3%

Shares of NASDAQ:FCCO opened at $27.50 on Thursday. The firm has a fifty day moving average price of $27.67 and a two-hundred day moving average price of $25.68. The company has a market cap of $211.20 million, a price-to-earnings ratio of 11.46 and a beta of 0.51. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.77. First Community Corporation has a one year low of $19.46 and a one year high of $29.55.

First Community (NASDAQ:FCCO) last issued its quarterly earnings data on Friday, April 30th. The bank reported $0.43 earnings per share (EPS) for the quarter. The company had revenue of $13.86 million for the quarter. First Community had a return on equity of 12.70% and a net margin of 16.69%. Analysts anticipate that First Community Corporation will post 2.28 EPS for the current fiscal year.

First Community Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Tuesday, November 4th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, November 4th. First Community’s dividend payout ratio (DPR) is 26.67%.

Insider Activity at First Community

In other news, Director Roderick M. Todd, Jr. sold 1,679 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $28.00, for a total transaction of $47,012.00. Following the completion of the transaction, the director owned 11,866 shares of the company’s stock, valued at approximately $332,248. The trade was a 12.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of First Community in a report on Wednesday, October 8th. Zacks Research cut First Community from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $29.67.

First Community 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.