ValuEngine lowered shares of First Community (NASDAQ:FCCO) from a hold rating to a sell rating in a research report report published on Thursday morning.

Separately, Zacks Investment Research upgraded shares of First Community from a sell rating to a hold rating in a research report on Tuesday, December 18th.

Shares of NASDAQ FCCO opened at $18.80 on Thursday. The stock has a market capitalization of $146.87 million, a PE ratio of 17.25 and a beta of 0.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.77. First Community has a 1 year low of $18.54 and a 1 year high of $26.25.

First Community (NASDAQ:FCCO) last issued its earnings results on Wednesday, October 17th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $11.73 million during the quarter, compared to the consensus estimate of $12.02 million. First Community had a net margin of 18.52% and a return on equity of 9.99%. Analysts expect that First Community will post 1.48 EPS for the current year.

In related news, EVP David K. Proctor sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $22.60, for a total value of $67,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 7.38% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Asset Advisors Investment Management LLC bought a new position in shares of First Community during the 3rd quarter worth approximately $1,317,000. Blair William & Co. IL grew its stake in shares of First Community by 13.0% during the 3rd quarter. Blair William & Co. IL now owns 21,724 shares of the bank’s stock worth $526,000 after acquiring an additional 2,500 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of First Community by 83.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 62,595 shares of the bank’s stock worth $1,571,000 after acquiring an additional 28,450 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of First Community during the 2nd quarter worth approximately $103,000. Finally, Bank of New York Mellon Corp grew its stake in shares of First Community by 174.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,022 shares of the bank’s stock worth $678,000 after acquiring an additional 17,179 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

About First Community

First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.

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