Two Sigma Advisers LP Boosts Stake in First Community Co. (NASDAQ:FCCO)

Two Sigma Advisers LP lifted its holdings in First Community Co. (NASDAQ:FCCO - Free Report) by 77.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,400 shares of the bank's stock after buying an additional 16,300 shares during the quarter. Two Sigma Advisers LP owned 0.49% of First Community worth $898,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Northern Trust Corp raised its holdings in 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 purchasing an additional 404 shares during the last quarter. Global Retirement Partners LLC acquired a new position in First Community during the fourth quarter worth $39,000. Cubist Systematic Strategies LLC raised its holdings in 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 purchasing an additional 2,475 shares during the last quarter. Ancora Advisors LLC raised its holdings in First Community by 5.4% during the fourth quarter. Ancora Advisors LLC now owns 84,421 shares of the bank's stock worth $2,026,000 after purchasing an additional 4,330 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in First Community by 5.4% during the fourth quarter. Renaissance Technologies LLC now owns 101,369 shares of the bank's stock worth $2,433,000 after purchasing an additional 5,200 shares during the last quarter. 61.25% of the stock is currently owned by hedge funds and other institutional investors.

First Community Price Performance

Shares of NASDAQ FCCO traded down $0.09 during trading on Thursday, reaching $23.10. The company had a trading volume of 18,220 shares, compared to its average volume of 35,677. First Community Co. has a twelve month low of $15.75 and a twelve month high of $27.96. The stock has a market capitalization of $177.45 million, a PE ratio of 12.76 and a beta of 0.36. The stock has a 50-day moving average price of $22.86 and a two-hundred day moving average price of $24.02. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45.

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

First Community Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Tuesday, May 6th. First Community's dividend payout ratio is currently 30.30%.

Analyst Ratings Changes

Separately, Hovde Group boosted their price target on First Community from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th.

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.