First Community Co. (NASDAQ:FCCO) Stock Position Lifted by Two Sigma Investments LP

Two Sigma Investments LP grew its holdings in shares of First Community Co. (NASDAQ:FCCO - Free Report) by 79.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,517 shares of the bank's stock after buying an additional 17,532 shares during the quarter. Two Sigma Investments LP owned 0.52% of First Community worth $948,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rhino Investment Partners Inc purchased a new position in shares of First Community in the 4th quarter valued at $6,012,000. Susquehanna International Group LLP raised its position in First Community by 183.1% in the fourth quarter. Susquehanna International Group LLP now owns 91,733 shares of the bank's stock valued at $2,202,000 after purchasing an additional 59,335 shares during the period. Millennium Management LLC lifted its stake in shares of First Community by 31.7% during the fourth quarter. Millennium Management LLC now owns 90,731 shares of the bank's stock worth $2,178,000 after purchasing an additional 21,832 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of First Community in the fourth quarter worth about $362,000. Finally, 683 Capital Management LLC purchased a new stake in shares of First Community in the fourth quarter worth about $333,000. 61.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

First Community Stock Down 0.2%

FCCO traded down $0.05 during trading hours on Tuesday, reaching $23.30. 58,322 shares of the stock traded hands, compared to its average volume of 35,932. 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 market cap of $178.99 million, a price-to-earnings ratio of 12.87 and a beta of 0.37. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79. The firm's fifty day simple moving average is $22.93 and its two-hundred day simple moving average is $23.99.

First Community (NASDAQ:FCCO - Get Free Report) last announced its earnings results 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 return on equity of 10.14% and a net margin of 13.49%. The company had revenue of $18.37 million during the quarter, compared to the consensus estimate of $17.39 million. As a group, analysts forecast that First Community Co. will post 2.28 earnings per share for the current fiscal year.

First Community Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 6th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.58%. First Community's dividend payout ratio (DPR) is presently 30.30%.

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.