OMERS ADMINISTRATION Corp Acquires Shares of 25,100 First Community Corporation $FCCO

Key Points

• OMERS ADMINISTRATION Corp acquired 25,100 shares of First Community Corporation (FCCO), valued at approximately $566,000, representing about 0.33% ownership.
• First Community recently increased its quarterly dividend to $0.16 from $0.15, resulting in an annualized dividend of $0.64 and a yield of 2.4%.
• In its latest earnings report, First Community posted earnings per share of $0.67, surpassing analysts' expectations of $0.58 and showing a revenue of $19.53 million for the quarter.

OMERS ADMINISTRATION Corp bought a new position in shares of First Community Corporation (NASDAQ:FCCO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,100 shares of the bank's stock, valued at approximately $566,000. OMERS ADMINISTRATION Corp owned approximately 0.33% of First Community as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC increased its position in shares of First Community by 846.7% during the first quarter. Signaturefd LLC now owns 2,168 shares of the bank's stock worth $49,000 after purchasing an additional 1,939 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of First Community by 63.6% during the fourth quarter. Cubist Systematic Strategies LLC now owns 6,369 shares of the bank's stock worth $153,000 after buying an additional 2,475 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of First Community during the fourth quarter worth about $206,000. Wells Fargo & Company MN grew its holdings in shares of First Community by 419.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,357 shares of the bank's stock worth $225,000 after buying an additional 7,557 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of First Community during the fourth quarter worth about $284,000. Institutional investors and hedge funds own 61.25% of the company's stock.

First Community Stock Performance

Shares of NASDAQ FCCO traded down $0.11 during midday trading on Friday, reaching $27.63. 21,224 shares of the company were exchanged, compared to its average volume of 20,807. 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 $28.03. The stock has a fifty day simple moving average of $25.73 and a 200 day simple moving average of $23.98. The stock has a market cap of $212.47 million, a P/E ratio of 12.39 and a beta of 0.46.

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

First Community Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 5th were issued a dividend of $0.16 per share. This is an increase from First Community's previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 5th. First Community's dividend payout ratio is 28.70%.

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.