ValuEngine upgraded shares of First Community (NASDAQ:FCCO) from a sell rating to a hold rating in a research note published on Thursday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of First Community from a sell rating to a hold rating in a report on Friday, August 2nd.

FCCO opened at $18.50 on Thursday. First Community has a fifty-two week low of $17.08 and a fifty-two week high of $26.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 0.79. The company has a fifty day moving average of $19.19 and a two-hundred day moving average of $19.09. The stock has a market capitalization of $134.54 million, a price-to-earnings ratio of 12.76 and a beta of 0.86.

First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. First Community had a net margin of 20.81% and a return on equity of 9.59%. The company had revenue of $12.30 million during the quarter, compared to analysts’ expectations of $12.04 million. On average, equities research analysts forecast that First Community will post 1.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, July 29th were given a $0.11 dividend. The ex-dividend date was Friday, July 26th. This represents a $0.44 annualized dividend and a dividend yield of 2.38%. First Community’s dividend payout ratio (DPR) is 30.34%.

In other news, VP David K. Proctor sold 3,888 shares of First Community stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $19.05, for a total value of $74,066.40. Following the sale, the vice president now owns 21,349 shares in the company, valued at $406,698.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.66% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in FCCO. BNP Paribas Arbitrage SA grew its position in shares of First Community by 514.2% in the first quarter. BNP Paribas Arbitrage SA now owns 1,517 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,270 shares during the period. Capital Investment Advisory Services LLC grew its position in shares of First Community by 386.0% in the second quarter. Capital Investment Advisory Services LLC now owns 2,673 shares of the bank’s stock valued at $52,000 after purchasing an additional 2,123 shares during the period. Bank of America Corp DE grew its position in shares of First Community by 35.4% in the fourth quarter. Bank of America Corp DE now owns 8,339 shares of the bank’s stock valued at $162,000 after purchasing an additional 2,181 shares during the period. Weiss Asset Management LP acquired a new stake in shares of First Community in the second quarter valued at about $254,000. Finally, Cutler Capital Management LLC acquired a new stake in shares of First Community in the first quarter valued at about $286,000. Institutional investors and hedge funds own 53.14% of the company’s stock.

First Community Company Profile

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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