First Community (NASDAQ:FCCO) Director Purchases $42,437.50 in Stock

First Community Corporation (NASDAQ:FCCOGet Free Report) Director Jane Sosebee bought 1,250 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was purchased at an average cost of $33.95 per share, for a total transaction of $42,437.50. Following the completion of the transaction, the director directly owned 10,855 shares of the company’s stock, valued at approximately $368,527.25. The trade was a 13.01% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

First Community Trading Up 0.7%

First Community stock opened at $33.63 on Friday. The business has a 50-day simple moving average of $33.39 and a two-hundred day simple moving average of $31.13. The company has a market cap of $316.12 million, a P/E ratio of 12.55 and a beta of 0.34. First Community Corporation has a 52-week low of $25.92 and a 52-week high of $35.74. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.07.

First Community (NASDAQ:FCCOGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.84 EPS for the quarter, beating the consensus estimate of $0.69 by $0.15. First Community had a net margin of 18.32% and a return on equity of 13.23%. The firm had revenue of $25.14 million during the quarter, compared to analyst estimates of $24.69 million. Analysts predict that First Community Corporation will post 3.13 EPS for the current year.

First Community Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 4th were issued a dividend of $0.17 per share. This is an increase from First Community’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 4th. First Community’s dividend payout ratio is currently 25.37%.

Wall Street Analyst Weigh In

FCCO has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of First Community in a research note on Friday, July 17th. Wall Street Zen lowered First Community from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Hovde Group upped their price objective on First Community from $36.00 to $37.50 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, First Community presently has an average rating of “Moderate Buy” and an average price target of $37.50.

Get Our Latest Stock Analysis on FCCO

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC purchased a new stake in First Community in the 1st quarter worth approximately $8,430,000. Maltese Capital Management LLC lifted its holdings in First Community by 5.3% during the fourth quarter. Maltese Capital Management LLC now owns 252,500 shares of the bank’s stock valued at $7,487,000 after purchasing an additional 12,769 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in First Community by 11.3% during the first quarter. Dimensional Fund Advisors LP now owns 205,992 shares of the bank’s stock valued at $6,021,000 after purchasing an additional 20,970 shares in the last quarter. Millennium Management LLC boosted its position in shares of First Community by 115.5% in the first quarter. Millennium Management LLC now owns 195,527 shares of the bank’s stock worth $4,411,000 after purchasing an additional 104,796 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of First Community by 103.4% in the second quarter. Geode Capital Management LLC now owns 174,732 shares of the bank’s stock worth $4,260,000 after purchasing an additional 88,807 shares during the period. 61.25% of the stock is currently owned by institutional investors.

First Community Company Profile

(Get Free Report)

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.

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