First Community Co. (NASDAQ:FCCO) Director Jane S. Sosebee bought 825 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were acquired at an average price of $17.93 per share, for a total transaction of $14,792.25. Following the completion of the transaction, the director now owns 825 shares in the company, valued at approximately $14,792.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of First Community stock traded up $0.64 on Friday, hitting $18.42. The company had a trading volume of 27,709 shares, compared to its average volume of 18,310. The stock has a market capitalization of $135.06 million, a PE ratio of 12.70 and a beta of 0.87. First Community Co. has a twelve month low of $17.08 and a twelve month high of $26.25. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.17.
First Community (NASDAQ:FCCO) last announced its earnings results on Wednesday, April 17th. The bank reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). First Community had a return on equity of 9.92% and a net margin of 21.47%. The business had revenue of $11.53 million for the quarter, compared to analyst estimates of $11.74 million. Equities analysts anticipate that First Community Co. will post 1.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Monday, April 29th. First Community’s payout ratio is presently 30.34%.
Several hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its position in First Community by 1.0% in the 4th quarter. Northern Trust Corp now owns 67,759 shares of the bank’s stock valued at $1,317,000 after purchasing an additional 663 shares during the period. Acadian Asset Management LLC raised its stake in First Community by 4.5% in the 1st quarter. Acadian Asset Management LLC now owns 27,638 shares of the bank’s stock valued at $527,000 after acquiring an additional 1,181 shares during the period. BNP Paribas Arbitrage SA raised its stake in First Community by 514.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,517 shares of the bank’s stock valued at $29,000 after acquiring an additional 1,270 shares during the period. JPMorgan Chase & Co. raised its stake in First Community by 10.4% in the 1st quarter. JPMorgan Chase & Co. now owns 14,979 shares of the bank’s stock valued at $285,000 after acquiring an additional 1,413 shares during the period. Finally, Abacus Planning Group Inc. raised its stake in First Community by 14.6% in the 4th quarter. Abacus Planning Group Inc. now owns 12,674 shares of the bank’s stock valued at $416,000 after acquiring an additional 1,610 shares during the period. Institutional investors and hedge funds own 53.40% of the company’s stock.
FCCO has been the subject of several analyst reports. Zacks Investment Research downgraded shares of First Community from a “hold” rating to a “sell” rating in a report on Monday, February 18th. ValuEngine downgraded shares of First Community from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd.
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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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