Zacks Investment Research lowered shares of First Community Corporation (NASDAQ:FCCO) from a hold rating to a sell rating in a research report report published on Tuesday.

According to Zacks, “First Community Corp presently engages in no business other than owning and managing the First Community Bank. The bank is engaged in a general commercial and retail banking business, emphasizing the needs of small-to-medium sized businesses, professional concerns and individuals, primarily in Richland and Lexington counties of South Carolina and the surrounding area. “

Separately, ValuEngine raised First Community Corporation from a hold rating to a buy rating in a research note on Friday, June 2nd.

First Community Corporation (NASDAQ:FCCO) remained flat at $20.85 on Tuesday. 2,447 shares of the company’s stock traded hands. The firm has a market cap of $139.72 million, a PE ratio of 20.64 and a beta of 0.81. First Community Corporation has a one year low of $14.41 and a one year high of $23.55. The firm has a 50-day moving average price of $20.84 and a 200-day moving average price of $20.66.

First Community Corporation (NASDAQ:FCCO) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.02. First Community Corporation had a net margin of 17.39% and a return on equity of 8.29%. The firm had revenue of $9.69 million during the quarter, compared to analyst estimates of $9.42 million. On average, equities research analysts predict that First Community Corporation will post $0.98 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, July 27th. First Community Corporation’s dividend payout ratio is currently 35.64%.

In other First Community Corporation news, CEO Michael C. Crapps sold 6,544 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $20.06, for a total value of $131,272.64. Following the completion of the sale, the chief executive officer now directly owns 67,967 shares of the company’s stock, valued at approximately $1,363,418.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. RMB Capital Management LLC increased its stake in shares of First Community Corporation by 21.1% in the first quarter. RMB Capital Management LLC now owns 384,473 shares of the bank’s stock worth $8,458,000 after buying an additional 66,928 shares during the period. Mendon Capital Advisors Corp increased its stake in shares of First Community Corporation by 31.0% in the first quarter. Mendon Capital Advisors Corp now owns 292,490 shares of the bank’s stock worth $6,434,000 after buying an additional 69,219 shares during the period. Geode Capital Management LLC bought a new stake in shares of First Community Corporation during the first quarter worth about $1,146,000. Elizabeth Park Capital Advisors Ltd. increased its stake in shares of First Community Corporation by 10.9% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 238,208 shares of the bank’s stock worth $5,241,000 after buying an additional 23,497 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of First Community Corporation during the first quarter worth about $226,000. 46.57% of the stock is owned by institutional investors and hedge funds.

First Community Corporation Company Profile

First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.

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