Trexquant Investment LP Acquires Shares of 21,950 First Community Corporation $FCCO

Key Points

• Trexquant Investment LP has acquired 21,950 shares of First Community Corporation (NASDAQ:FCCO), valued at approximately $495,000, representing about 0.29% ownership as of the latest SEC filing.
• First Community Corporation recently increased its quarterly dividend from $0.15 to $0.16 per share, reflecting an annualized dividend of $0.64 and a dividend yield of 2.3%.
• The bank reported earnings of $0.67 per share for the last quarter, exceeding the consensus estimate by $0.09 and highlighting a revenue of $19.53 million compared to the estimated $18.56 million.

Trexquant Investment LP purchased a new position in First Community Corporation (NASDAQ:FCCO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 21,950 shares of the bank's stock, valued at approximately $495,000. Trexquant Investment LP owned approximately 0.29% of First Community as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in First Community by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 112,430 shares of the bank's stock valued at $2,698,000 after acquiring an additional 7,031 shares in the last quarter. Northern Trust Corp increased its stake in shares of First Community by 2.8% in the 4th quarter. Northern Trust Corp now owns 14,798 shares of the bank's stock worth $355,000 after purchasing an additional 404 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in First Community in the 4th quarter worth $362,000. Jane Street Group LLC boosted its holdings in First Community by 55.6% in the 4th quarter. Jane Street Group LLC now owns 31,345 shares of the bank's stock worth $752,000 after buying an additional 11,198 shares during the period. Finally, Bank of America Corp DE boosted its holdings 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 purchasing an additional 6,759 shares during the last quarter. 61.25% of the stock is owned by institutional investors.

First Community Stock Up 0.1%

Shares of NASDAQ:FCCO opened at $27.67 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a market cap of $212.67 million, a price-to-earnings ratio of 12.41 and a beta of 0.46. First Community Corporation has a 12 month low of $19.46 and a 12 month high of $28.16. The company has a 50-day moving average price of $25.79 and a 200 day moving average price of $23.96.

First Community (NASDAQ:FCCO - Get Free Report) last posted its quarterly 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 net margin of 15.87% and a return on equity of 11.65%. The firm had revenue of $19.53 million during the quarter, compared to the consensus estimate of $18.56 million. As a group, equities research analysts predict that First Community Corporation will post 2.28 earnings per share for the current year.

First Community Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.16 per share. 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. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.3%. First Community's payout ratio is currently 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.

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