Empowered Funds LLC Has $225,000 Stock Holdings in First Community Co. (NASDAQ:FCCO)

Empowered Funds LLC trimmed its position in First Community Co. (NASDAQ:FCCO) by 56.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,359 shares of the bank’s stock after selling 12,332 shares during the quarter. Empowered Funds LLC owned about 0.12% of First Community worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FCCO. Barclays PLC lifted its stake in shares of First Community by 214.0% in the third quarter. Barclays PLC now owns 10,046 shares of the bank’s stock worth $215,000 after buying an additional 6,847 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of First Community in the third quarter worth $289,000. State Street Corp lifted its stake in shares of First Community by 5.6% in the third quarter. State Street Corp now owns 22,795 shares of the bank’s stock worth $489,000 after buying an additional 1,200 shares during the last quarter. Asset Advisors Investment Management LLC lifted its stake in shares of First Community by 48.1% in the third quarter. Asset Advisors Investment Management LLC now owns 39,985 shares of the bank’s stock worth $857,000 after buying an additional 12,985 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of First Community by 6.6% in the third quarter. Geode Capital Management LLC now owns 83,088 shares of the bank’s stock worth $1,782,000 after buying an additional 5,157 shares during the last quarter. 61.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FCCO has been the subject of a number of analyst reports. Hovde Group boosted their price objective on shares of First Community from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Janney Montgomery Scott raised shares of First Community from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, February 4th. Finally, Raymond James raised shares of First Community from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $27.00 to $30.00 in a research report on Thursday, January 23rd.

First Community Trading Down 3.7 %

Shares of FCCO stock opened at $25.28 on Friday. First Community Co. has a 1 year low of $15.40 and a 1 year high of $27.96. The firm’s fifty day simple moving average is $25.08 and its 200 day simple moving average is $23.53. The firm has a market capitalization of $193.14 million, a P/E ratio of 13.97 and a beta of 0.42. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45.

First Community (NASDAQ:FCCO) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.06. First Community had a net margin of 13.49% and a return on equity of 10.14%. During the same period last year, the firm posted $0.43 EPS. As a group, sell-side analysts predict that First Community Co. will post 2.28 EPS for the current year.

First Community Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Tuesday, February 4th. First Community’s dividend payout ratio (DPR) is presently 33.15%.

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.