Vanguard Group Inc raised its stake in shares of First Community Co. (NASDAQ:FCCO) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,513 shares of the bank’s stock after purchasing an additional 599 shares during the period. Vanguard Group Inc owned 3.56% of First Community worth $6,570,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP acquired a new stake in shares of First Community in the third quarter worth $260,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of First Community in the second quarter worth $342,000. Northern Trust Corp acquired a new stake in shares of First Community in the second quarter worth $471,000. Blair William & Co. IL grew its stake in shares of First Community by 13.0% in the third 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 during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of First Community by 174.5% in the second 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 during the last quarter. Institutional investors own 54.39% of the company’s stock.

Shares of NASDAQ FCCO traded up $0.13 during midday trading on Monday, reaching $19.93. 305 shares of the company traded hands, compared to its average volume of 11,840. The stock has a market cap of $151.07 million, a PE ratio of 13.74 and a beta of 0.89. First Community Co. has a 12 month low of $18.54 and a 12 month high of $26.25. 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 (NASDAQ:FCCO) last announced its quarterly earnings data on Wednesday, January 16th. The bank reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). First Community had a return on equity of 10.51% and a net margin of 22.29%. The firm had revenue of $11.65 million during the quarter, compared to analyst estimates of $11.81 million. Analysts predict that First Community Co. will post 1.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be given a $0.11 dividend. The ex-dividend date is Wednesday, January 30th. This is a positive change from First Community’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 2.21%. First Community’s payout ratio is currently 30.34%.

A number of equities research analysts have weighed in on the stock. ValuEngine downgraded shares of First Community from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Zacks Investment Research upgraded shares of First Community from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th.

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First Community 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.

Further Reading: Quiet Period

Institutional Ownership by Quarter for First Community (NASDAQ:FCCO)

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