First Community Co. (NASDAQ:FCCO) EVP David K. Proctor sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $22.60, for a total transaction of $67,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of FCCO opened at $23.83 on Friday. First Community Co. has a 52 week low of $20.33 and a 52 week high of $26.25. The stock has a market capitalization of $171.11 million, a P/E ratio of 21.86 and a beta of 0.63. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.14.
First Community (NASDAQ:FCCO) last announced its quarterly earnings results on Wednesday, October 17th. The bank reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). First Community had a net margin of 18.52% and a return on equity of 10.04%. The company had revenue of $11.73 million during the quarter, compared to analyst estimates of $12.02 million. Equities analysts expect that First Community Co. will post 1.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Tuesday, October 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.68%. First Community’s dividend payout ratio (DPR) is currently 36.70%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew its stake in First Community by 20.1% in the 1st quarter. Millennium Management LLC now owns 12,997 shares of the bank’s stock valued at $298,000 after buying an additional 2,174 shares during the last quarter. Macquarie Group Ltd. acquired a new position in First Community in the 2nd quarter valued at about $103,000. Raymond James Financial Services Advisors Inc. acquired a new position in First Community in the 2nd quarter valued at about $214,000. BlackRock Inc. grew its stake in First Community by 2.5% in the 3rd quarter. BlackRock Inc. now owns 350,265 shares of the bank’s stock valued at $8,476,000 after buying an additional 8,559 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in First Community in the 3rd quarter valued at about $260,000. Institutional investors and hedge funds own 53.21% of the company’s stock.
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of First Community from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. ValuEngine lowered shares of First Community from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd.
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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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