Squarepoint Ops LLC Takes Position in First Community Co. (NASDAQ:FCCO)

Squarepoint Ops LLC purchased a new stake in First Community Co. (NASDAQ:FCCO - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 11,826 shares of the bank's stock, valued at approximately $284,000. Squarepoint Ops LLC owned 0.15% of First Community as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FCCO. Global Retirement Partners LLC acquired a new position in shares of First Community in the 4th quarter valued at about $39,000. Cubist Systematic Strategies LLC boosted its holdings in shares of First Community by 63.6% in the 4th quarter. Cubist Systematic Strategies LLC now owns 6,369 shares of the bank's stock valued at $153,000 after buying an additional 2,475 shares during the period. Marshall Wace LLP acquired a new position in shares of First Community in the 4th quarter valued at about $206,000. Wells Fargo & Company MN boosted its holdings in shares of First Community by 419.8% in the 4th quarter. Wells Fargo & Company MN now owns 9,357 shares of the bank's stock valued at $225,000 after buying an additional 7,557 shares during the period. Finally, 683 Capital Management LLC acquired a new position in shares of First Community in the 4th quarter valued at about $333,000. 61.25% of the stock is owned by institutional investors and hedge funds.

First Community Trading Up 0.9%

Shares of NASDAQ:FCCO opened at $23.31 on Friday. The company has a market cap of $179.07 million, a PE ratio of 12.88 and a beta of 0.37. The company's 50-day moving average price is $22.88 and its 200 day moving average price is $24.01. First Community Co. has a fifty-two week low of $15.75 and a fifty-two week high of $27.96. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45.

First Community (NASDAQ:FCCO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. First Community had a net margin of 13.49% and a return on equity of 10.14%. The firm had revenue of $18.37 million for the quarter, compared to the consensus estimate of $17.39 million. Sell-side analysts anticipate that First Community Co. will post 2.28 earnings per share for the current year.

First Community Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Tuesday, May 6th. First Community's dividend payout ratio (DPR) is currently 30.30%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group lifted their price objective on shares of First Community from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th.

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.

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