State Street Corp Boosts Stock Position in First Community Co. (NASDAQ:FCCO)

State Street Corp lifted its position in First Community Co. (NASDAQ:FCCO) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,795 shares of the bank’s stock after purchasing an additional 1,200 shares during the quarter. State Street Corp owned about 0.30% of First Community worth $489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in First Community during the 2nd quarter worth approximately $58,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of First Community during the second quarter worth $190,000. Squarepoint Ops LLC acquired a new position in First Community during the second quarter valued at $261,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in First Community in the third quarter valued at $289,000. Finally, Acadian Asset Management LLC boosted its holdings in First Community by 22.1% in 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 Stock Performance

NASDAQ FCCO opened at $23.70 on Friday. The firm has a market capitalization of $181.09 million, a P/E ratio of 14.02 and a beta of 0.42. The stock has a 50-day simple moving average of $24.73 and a two-hundred day simple moving average of $22.00. 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 $26.48.

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

First Community Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, October 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Tuesday, October 29th. First Community’s dividend payout ratio is currently 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.