Shares of First Community Corporation (NASDAQ:FCCO) reached a new 52-week high on Tuesday . The company traded as high as $24.50 and last traded at $23.15, with a volume of 3000 shares traded. The stock had previously closed at $22.90.
A number of research firms recently weighed in on FCCO. Zacks Investment Research raised shares of First Community Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. ValuEngine lowered shares of First Community Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 20th.
The company has a market capitalization of $153.58, a PE ratio of 22.02 and a beta of 0.86. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.37.
First Community Corporation (NASDAQ:FCCO) last issued its earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The company had revenue of $9.65 million for the quarter, compared to analysts’ expectations of $9.79 million. First Community Corporation had a return on equity of 8.44% and a net margin of 17.69%. analysts forecast that First Community Corporation will post 1.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Tuesday, October 31st. First Community Corporation’s dividend payout ratio (DPR) is presently 34.62%.
In related news, Director George H. Fann, Jr. bought 5,000 shares of First Community Corporation stock in a transaction dated Thursday, August 17th. The shares were acquired at an average cost of $20.55 per share, with a total value of $102,750.00. Following the completion of the transaction, the director now owns 84,616 shares in the company, valued at approximately $1,738,858.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George H. Fann, Jr. bought 1,903 shares of First Community Corporation stock in a transaction dated Thursday, September 21st. The shares were bought at an average cost of $20.35 per share, for a total transaction of $38,726.05. Following the completion of the transaction, the director now owns 86,519 shares of the company’s stock, valued at approximately $1,760,661.65. The disclosure for this purchase can be found here. Company insiders own 8.73% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCCO. Geode Capital Management LLC bought a new position in shares of First Community Corporation during the first quarter valued at approximately $1,146,000. Stifel Financial Corp boosted its stake in shares of First Community Corporation by 2.1% during the second quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock valued at $406,000 after purchasing an additional 406 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of First Community Corporation during the second quarter valued at approximately $1,141,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of First Community Corporation by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 390,962 shares of the bank’s stock valued at $8,210,000 after purchasing an additional 7,919 shares in the last quarter. Hedge funds and other institutional investors own 46.98% of the company’s stock.
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First Community Corporation Company Profile
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.
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