Elizabeth Park Capital Advisors Ltd. Reduces Position in First Community Corporation $FCCO

Key Points

• Elizabeth Park Capital Advisors Ltd. has reduced its holdings in First Community Corporation by 13.6%, now owning approximately 107,722 shares, which represents 2.2% of its investment portfolio.
• First Community recently announced a quarterly dividend increase to **$0.16**, reflecting a dividend yield of **2.4%** and a payout ratio of **28.70%**.
• The company reported earnings of **$0.67** per share, exceeding consensus estimates, alongside a revenue of **$19.53 million** for the last quarter, indicating strong financial performance.

Elizabeth Park Capital Advisors Ltd. lessened its position in shares of First Community Corporation (NASDAQ:FCCO - Free Report) by 13.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,722 shares of the bank's stock after selling 16,987 shares during the quarter. First Community comprises 2.2% of Elizabeth Park Capital Advisors Ltd.'s investment portfolio, making the stock its 21st biggest holding. Elizabeth Park Capital Advisors Ltd. owned about 1.40% of First Community worth $2,430,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. purchased a new position in First Community during the 1st quarter worth approximately $456,000. Russell Investments Group Ltd. grew its stake in First Community by 12.0% during the 1st quarter. Russell Investments Group Ltd. now owns 63,828 shares of the bank's stock worth $1,440,000 after buying an additional 6,818 shares during the last quarter. Independent Advisor Alliance grew its stake in First Community by 4.1% during the 1st quarter. Independent Advisor Alliance now owns 102,823 shares of the bank's stock worth $2,320,000 after buying an additional 4,020 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in First Community by 42.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 30,247 shares of the bank's stock worth $682,000 after buying an additional 8,965 shares during the last quarter. Finally, Signaturefd LLC grew its stake in First Community by 846.7% during the 1st quarter. Signaturefd LLC now owns 2,168 shares of the bank's stock worth $49,000 after buying an additional 1,939 shares during the last quarter. Hedge funds and other institutional investors own 61.25% of the company's stock.

First Community Trading Up 1.1%

NASDAQ:FCCO opened at $27.11 on Wednesday. The stock's 50 day moving average price is $25.05 and its 200 day moving average price is $23.95. The company has a market capitalization of $208.37 million, a PE ratio of 12.16 and a beta of 0.41. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. First Community Corporation has a 52-week low of $19.46 and a 52-week high of $27.96.

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

First Community Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 5th were paid a $0.16 dividend. This is an increase from First Community's previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, August 5th. This represents a $0.64 annualized dividend and a dividend yield of 2.4%. First Community's dividend payout ratio (DPR) is 28.70%.

First Community Company 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.

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