Geode Capital Management LLC Grows Holdings in First Community Co. (NASDAQ:FCCO)

Geode Capital Management LLC increased its stake in shares of First Community Co. (NASDAQ:FCCOFree Report) by 6.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 83,088 shares of the bank’s stock after purchasing an additional 5,157 shares during the period. Geode Capital Management LLC owned approximately 1.09% of First Community worth $1,782,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FCCO. Fourthstone LLC grew its stake in shares of First Community by 28.9% in the third quarter. Fourthstone LLC now owns 400,225 shares of the bank’s stock valued at $8,581,000 after buying an additional 89,652 shares in the last quarter. Strategic Value Bank Partners LLC boosted its holdings in First Community by 0.3% during the 2nd 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 period. Independent Advisor Alliance grew its position in First Community by 0.7% in the 3rd quarter. Independent Advisor Alliance now owns 105,945 shares of the bank’s stock valued at $2,271,000 after acquiring an additional 690 shares in the last quarter. State Street Corp increased its stake in First Community by 5.6% during the third quarter. State Street Corp now owns 22,795 shares of the bank’s stock worth $489,000 after purchasing an additional 1,200 shares during the period. Finally, Acadian Asset Management LLC lifted its position 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 worth $335,000 after purchasing an additional 3,525 shares in the last quarter. Institutional investors and hedge funds own 61.25% of the company’s stock.

First Community Trading Down 1.2 %

NASDAQ FCCO opened at $23.03 on Thursday. First Community Co. has a one year low of $15.40 and a one year high of $26.48. The firm has a 50 day simple moving average of $24.73 and a 200-day simple moving average of $22.17. The firm has a market cap of $175.95 million, a price-to-earnings ratio of 13.63 and a beta of 0.40. 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 (NASDAQ:FCCOGet Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $26.73 million for the quarter, compared to analyst estimates 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 company earned $0.23 earnings per share. Equities research analysts anticipate that First Community Co. will post 1.76 EPS for the current fiscal year.

First Community Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders 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 2.61%. The ex-dividend date was Tuesday, October 29th. First Community’s dividend payout ratio is currently 35.50%.

First Community Profile

(Free Report)

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.

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

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