First Community (NASDAQ:FCCO) Rating Lowered to Hold at Wall Street Zen

First Community (NASDAQ:FCCO) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings restated a “buy (b)” rating on shares of First Community in a research report on Friday, July 17th. Hovde Group increased their price target on shares of First Community from $36.00 to $37.50 and gave the company an “outperform” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

First Community Price Performance

Shares of FCCO stock opened at $34.35 on Friday. First Community has a 12 month low of $25.66 and a 12 month high of $35.74. The company has a market capitalization of $322.89 million, a P/E ratio of 12.82 and a beta of 0.34. The stock has a 50 day moving average of $32.95 and a two-hundred day moving average of $30.86. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.07.

First Community (NASDAQ:FCCO) last issued its earnings results on Wednesday, July 22nd. The bank reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.15. First Community had a net margin of 18.32% and a return on equity of 13.23%. The business had revenue of $25.14 million for the quarter, compared to analyst estimates of $24.69 million. As a group, equities analysts expect that First Community will post 3.13 EPS for the current year.

Insider Activity

In other news, EVP Fred Joseph Deutsch sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $34.52, for a total transaction of $345,200.00. Following the completion of the transaction, the executive vice president directly owned 18,468 shares of the company’s stock, valued at $637,515.36. This trade represents a 35.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.84% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in First Community in the third quarter valued at approximately $26,000. BNP Paribas Financial Markets increased its holdings in shares of First Community by 324.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock worth $33,000 after acquiring an additional 1,031 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in First Community in the 2nd quarter valued at $99,000. New York State Common Retirement Fund acquired a new stake in First Community during the 2nd quarter valued at $102,000. Finally, Raymond James Financial Inc. bought a new position in First Community during the second quarter worth $182,000. Institutional investors and hedge funds own 61.25% of the company’s stock.

About First Community

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.