Jane Street Group LLC Boosts Stock Holdings in First Community Co. (NASDAQ:FCCO)

Jane Street Group LLC boosted its stake in shares of First Community Co. (NASDAQ:FCCO - Free Report) by 55.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,345 shares of the bank's stock after acquiring an additional 11,198 shares during the quarter. Jane Street Group LLC owned approximately 0.41% of First Community worth $752,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FCCO. Schonfeld Strategic Advisors LLC bought a new position in shares of First Community during the 4th quarter worth approximately $362,000. Northern Trust Corp boosted its holdings in shares of First Community by 2.8% during the fourth quarter. Northern Trust Corp now owns 14,798 shares of the bank's stock worth $355,000 after acquiring an additional 404 shares during the period. Susquehanna International Group LLP grew its holdings in First Community by 183.1% in the 4th quarter. Susquehanna International Group LLP now owns 91,733 shares of the bank's stock valued at $2,202,000 after buying an additional 59,335 shares in the last quarter. Dimensional Fund Advisors LP increased its position in First Community by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 112,430 shares of the bank's stock worth $2,698,000 after acquiring an additional 7,031 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of First Community in the fourth quarter valued at approximately $206,000. Institutional investors own 61.25% of the company's stock.

First Community Stock Performance

Shares of FCCO traded up $0.23 during mid-day trading on Friday, hitting $23.93. The stock had a trading volume of 487 shares, compared to its average volume of 45,716. The firm has a market cap of $183.83 million, a P/E ratio of 13.22 and a beta of 0.36. First Community Co. has a 52 week low of $15.75 and a 52 week high of $27.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79. The business has a fifty day moving average price of $22.76 and a 200-day moving average price of $24.06.

First Community (NASDAQ:FCCO - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The firm had revenue of $18.37 million during the quarter, compared to analyst estimates of $17.39 million. First Community had a net margin of 13.49% and a return on equity of 10.14%. On average, equities research analysts expect that First Community Co. will post 2.28 EPS for the current year.

First Community Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.51%. First Community's dividend payout ratio is 30.30%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FCCO. Hovde Group boosted their target price on First Community from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Janney Montgomery Scott upgraded shares of First Community from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Tuesday, February 4th.

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.