Fifth Third Wealth Advisors LLC Acquires Shares of 288,406 First Community Corporation $FCCO

Fifth Third Wealth Advisors LLC bought a new position in First Community Corporation (NASDAQ:FCCOFree Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 288,406 shares of the bank’s stock, valued at approximately $8,430,000. Fifth Third Wealth Advisors LLC owned 3.07% of First Community as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC bought a new position in shares of First Community in the third quarter worth about $26,000. BNP Paribas Financial Markets lifted its holdings in First Community by 324.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock valued at $33,000 after buying an additional 1,031 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in First Community during the 2nd quarter valued at about $99,000. New York State Common Retirement Fund bought a new stake in First Community during the 2nd quarter valued at about $102,000. Finally, Raymond James Financial Inc. purchased a new stake in First Community in the 2nd quarter valued at about $182,000. 61.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of First Community in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Check Out Our Latest Stock Report on FCCO

First Community Stock Performance

Shares of First Community stock opened at $32.74 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average price is $30.62 and its 200-day moving average price is $29.94. The firm has a market cap of $307.76 million, a P/E ratio of 12.84 and a beta of 0.35. First Community Corporation has a 12 month low of $23.35 and a 12 month high of $33.03.

First Community (NASDAQ:FCCOGet Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.08. First Community had a net margin of 17.29% and a return on equity of 13.00%. The company had revenue of $23.16 million during the quarter, compared to analyst estimates of $23.61 million. On average, equities research analysts expect that First Community Corporation will post 2.97 earnings per share for the current fiscal year.

First Community Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $0.64 dividend on an annualized basis and a yield of 2.0%. First Community’s payout ratio is 25.10%.

About First Community

(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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Institutional Ownership by Quarter for First Community (NASDAQ:FCCO)

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