Trexquant Investment LP Takes Position in 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 acquired a new stake in First Community Corporation (NASDAQ:FCCO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of First Community by 6.7% in the fourth 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. Independent Advisor Alliance grew its stake in shares of First Community by 4.1% in the first quarter. Independent Advisor Alliance now owns 102,823 shares of the bank's stock valued at $2,320,000 after buying an additional 4,020 shares in the last quarter. Millennium Management LLC grew its stake in shares of First Community by 31.7% in the fourth quarter. Millennium Management LLC now owns 90,731 shares of the bank's stock valued at $2,178,000 after buying an additional 21,832 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings 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. Finally, Two Sigma Investments LP lifted its holdings in First Community by 79.7% during the 4th quarter. Two Sigma Investments LP now owns 39,517 shares of the bank's stock worth $948,000 after buying an additional 17,532 shares during the last quarter. 61.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at First Community

In other news, Director Roderick M. Todd, Jr. sold 1,679 shares of First Community stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $28.00, for a total value of $47,012.00. Following the transaction, the director directly owned 11,866 shares in the company, valued at approximately $332,248. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.92% of the company's stock.

First Community Stock Performance

Shares of NASDAQ FCCO traded down $0.20 during mid-day trading on Friday, hitting $27.92. The company had a trading volume of 17,222 shares, compared to its average volume of 19,971. The firm's 50 day simple moving average is $25.99 and its two-hundred day simple moving average is $24.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.77. The stock has a market cap of $214.70 million, a price-to-earnings ratio of 12.52 and a beta of 0.46. First Community Corporation has a 12 month low of $19.46 and a 12 month high of $28.77.

First Community (NASDAQ:FCCO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.67 earnings per share (EPS) 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 analysts' expectations of $18.56 million. As a group, equities research analysts forecast that First Community Corporation will post 2.28 earnings per share for the current year.

First Community Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 5th were paid a $0.16 dividend. The ex-dividend date 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 dividend payout ratio is presently 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.