Cubist Systematic Strategies LLC Has $440,000 Position in First Community Corporation $FCCO

Key Points

• Cubist Systematic Strategies LLC increased its stake in First Community Corporation by 206.5% in the first quarter, bringing its ownership to $440,000 or about 0.25% of the company.
• First Community recently reported $0.67 earnings per share (EPS) for the quarter, exceeding estimates of $0.58, with a net margin of 15.87% and revenue of $19.53 million.
• The company has announced an increase in its quarterly dividend to $0.16, resulting in a 2.3% dividend yield with a payout ratio of 28.70%.

Cubist Systematic Strategies LLC raised its stake in shares of First Community Corporation (NASDAQ:FCCO - Free Report) by 206.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,524 shares of the bank's stock after buying an additional 13,155 shares during the period. Cubist Systematic Strategies LLC owned about 0.25% of First Community worth $440,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Northern Trust Corp boosted its stake in shares of First Community by 2.8% during the 4th quarter. Northern Trust Corp now owns 14,798 shares of the bank's stock valued at $355,000 after buying an additional 404 shares during the period. Signaturefd LLC boosted its stake in shares of First Community by 846.7% during the 1st quarter. Signaturefd LLC now owns 2,168 shares of the bank's stock valued at $49,000 after buying an additional 1,939 shares during the period. Independent Advisor Alliance boosted its stake in shares of First Community by 4.1% during the 1st quarter. Independent Advisor Alliance now owns 102,823 shares of the bank's stock valued at $2,320,000 after buying an additional 4,020 shares during the period. Bank of America Corp DE boosted its stake in shares of First Community by 92.1% during the 4th quarter. Bank of America Corp DE now owns 14,098 shares of the bank's stock valued at $338,000 after buying an additional 6,759 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of First Community by 12.0% during the 1st quarter. Russell Investments Group Ltd. now owns 63,828 shares of the bank's stock valued at $1,440,000 after buying an additional 6,818 shares during the period. Institutional investors and hedge funds own 61.25% of the company's stock.

First Community Stock Down 0.1%

FCCO stock opened at $27.90 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. First Community Corporation has a 1 year low of $19.46 and a 1 year high of $28.77. The company has a fifty day simple moving average of $25.90 and a 200 day simple moving average of $24.01. The firm has a market cap of $214.55 million, a PE ratio of 12.51 and a beta of 0.46.

First Community (NASDAQ:FCCO - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.09. First Community had a net margin of 15.87% and a return on equity of 11.65%. The business had revenue of $19.53 million during the quarter, compared to analyst estimates of $18.56 million. Sell-side analysts anticipate that First Community Corporation will post 2.28 EPS for the current fiscal year.

First Community Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 5th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 5th. This is a boost from First Community's previous quarterly dividend of $0.15. First Community's dividend payout ratio (DPR) is presently 28.70%.

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.

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