Vanguard Group Inc Acquires 599 Shares of First Community Co. (FCCO)
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.
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.
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
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