Two Sigma Investments LP Has $948,000 Holdings in First Community Co. (NASDAQ:FCCO)

Two Sigma Investments LP lifted its holdings in First Community Co. (NASDAQ:FCCO - Free Report) by 79.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,517 shares of the bank's stock after acquiring an additional 17,532 shares during the period. Two Sigma Investments LP owned approximately 0.52% of First Community worth $948,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FCCO. Rhino Investment Partners Inc acquired a new position in shares of First Community in the fourth quarter valued at about $6,012,000. Susquehanna International Group LLP grew its stake in shares of 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 acquiring an additional 59,335 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 acquiring an additional 21,832 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of First Community in the fourth quarter valued at about $362,000. Finally, 683 Capital Management LLC acquired a new position in shares of First Community in the fourth quarter valued at about $333,000. 61.25% of the stock is currently owned by institutional investors and hedge funds.

First Community Trading Up 0.9%

FCCO opened at $23.31 on Friday. First Community Co. has a twelve month low of $15.75 and a twelve month high of $27.96. The company has a 50-day simple moving average of $22.88 and a 200 day simple moving average of $24.01. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $179.07 million, a price-to-earnings ratio of 12.88 and a beta of 0.37.

First Community (NASDAQ:FCCO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.51 earnings per share for the quarter, topping 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 business had revenue of $18.37 million during the quarter, compared to analysts' expectations of $17.39 million. Analysts predict that First Community Co. will post 2.28 EPS for the current fiscal year.

First Community Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.60 annualized dividend and a yield of 2.57%. First Community's dividend payout ratio is 30.30%.

Analyst Upgrades and Downgrades

Separately, Hovde Group upped their price target on shares of First Community from $28.00 to $29.00 and gave the company an "outperform" rating in a research note 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.

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