Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 13,494 First Community Co. (NASDAQ:FCCO)

Connor Clark & Lunn Investment Management Ltd. bought a new position in First Community Co. (NASDAQ:FCCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,494 shares of the bank’s stock, valued at approximately $289,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.18% of First Community as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Hobbs Group Advisors LLC bought a new position in First Community during the 2nd quarter worth approximately $49,000. Cubist Systematic Strategies LLC acquired a new stake in shares of First Community during the 2nd quarter valued at approximately $58,000. Point72 Asia Singapore Pte. Ltd. bought a new position in First Community during the second quarter worth $190,000. Squarepoint Ops LLC acquired a new position in First Community in the second quarter worth $261,000. Finally, Acadian Asset Management LLC increased its stake in 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 purchasing an additional 3,525 shares during the last quarter. Institutional investors and hedge funds own 61.25% of the company’s stock.

First Community Trading Up 1.3 %

First Community stock opened at $26.01 on Friday. First Community Co. has a 1 year low of $15.40 and a 1 year high of $26.27. The firm’s 50-day moving average is $23.13 and its 200-day moving average is $20.62. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $198.74 million, a P/E ratio of 15.39 and a beta of 0.39.

First Community (NASDAQ:FCCO) last issued its earnings results on Wednesday, October 16th. The bank reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $26.73 million during 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 period in the previous year, the firm posted $0.23 earnings per share. On average, equities analysts expect that First Community Co. will post 1.76 earnings per share for the current year.

First Community Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Tuesday, October 29th. First Community’s payout ratio is 35.50%.

About First Community

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.