Empowered Funds LLC Sells 13,517 Shares of First Community Co. (NASDAQ:FCCO)

Empowered Funds LLC decreased its position in shares of First Community Co. (NASDAQ:FCCO) by 38.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,691 shares of the bank’s stock after selling 13,517 shares during the quarter. Empowered Funds LLC owned approximately 0.28% of First Community worth $465,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FCCO. Vanguard Group Inc. grew its holdings in shares of First Community by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 409,203 shares of the bank’s stock valued at $7,132,000 after acquiring an additional 3,254 shares in the last quarter. Strategic Value Bank Partners LLC increased its stake in First Community by 0.3% in the second quarter. Strategic Value Bank Partners LLC now owns 291,998 shares of the bank’s stock valued at $5,037,000 after acquiring an additional 975 shares during the last quarter. Ancora Advisors LLC raised its stake in First Community by 1.3% during the first quarter. Ancora Advisors LLC now owns 79,671 shares of the bank’s stock worth $1,389,000 after acquiring an additional 1,050 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of First Community by 18.9% during the 1st quarter. Russell Investments Group Ltd. now owns 44,150 shares of the bank’s stock valued at $770,000 after acquiring an additional 7,003 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of First Community by 22.1% during the second quarter. Acadian Asset Management LLC now owns 19,474 shares of the bank’s stock valued at $335,000 after acquiring an additional 3,525 shares during the last quarter. 61.25% of the stock is owned by institutional investors and hedge funds.

First Community Trading Up 0.4 %

Shares of FCCO stock opened at $25.05 on Monday. The stock has a 50 day simple moving average of $22.78 and a two-hundred day simple moving average of $20.29. The company has a market cap of $191.38 million, a P/E ratio of 14.82 and a beta of 0.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. First Community Co. has a fifty-two week low of $15.40 and a fifty-two week high of $25.55.

First Community (NASDAQ:FCCO) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $26.73 million for the quarter, compared to the consensus estimate of $16.65 million. First Community had a return on equity of 9.57% and a net margin of 12.99%. During the same quarter in the prior year, the business earned $0.23 earnings per share. Research analysts forecast that First Community Co. will post 1.76 earnings per share for the current year.

First Community Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, October 29th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Tuesday, October 29th. First Community’s payout ratio is presently 35.50%.

First Community Profile

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.