FJ Capital Management LLC Sells 133,265 Shares of First Community Co. (NASDAQ:FCCO)

FJ Capital Management LLC decreased its stake in shares of First Community Co. (NASDAQ:FCCO - Free Report) by 34.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 255,796 shares of the bank's stock after selling 133,265 shares during the quarter. FJ Capital Management LLC owned about 3.35% of First Community worth $6,139,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in shares of First Community in the 4th quarter worth $39,000. Cubist Systematic Strategies LLC increased its holdings in shares of First Community by 63.6% in the 4th 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 in the last quarter. Marshall Wace LLP bought a new stake in shares of First Community in the 4th quarter worth $206,000. Barclays PLC increased its holdings in shares of First Community by 214.0% in the 3rd quarter. Barclays PLC now owns 10,046 shares of the bank's stock worth $215,000 after purchasing an additional 6,847 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of First Community by 419.8% in the 4th quarter. Wells Fargo & Company MN now owns 9,357 shares of the bank's stock worth $225,000 after purchasing an additional 7,557 shares in the last quarter. Hedge funds and other institutional investors own 61.25% of the company's stock.

First Community Stock Performance

NASDAQ FCCO traded up $0.14 on Monday, hitting $24.10. 28,035 shares of the company traded hands, compared to its average volume of 37,415. The company has a market capitalization of $184.87 million, a price-to-earnings ratio of 13.31 and a beta of 0.36. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. The business's 50 day moving average price is $22.43 and its 200-day moving average price is $24.06. First Community Co. has a 52-week low of $15.75 and a 52-week high of $27.96.

First Community (NASDAQ:FCCO - Get Free Report) last released 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. The company had revenue of $18.37 million for 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%. Equities analysts expect that First Community Co. will post 2.28 earnings per share for the current year.

First Community Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th will be given a $0.15 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.49%. First Community's dividend payout ratio is currently 30.30%.

Analysts Set New Price Targets

A number of analysts have commented on FCCO shares. Janney Montgomery Scott raised First Community from a "neutral" rating to a "buy" rating and set a $30.00 target price for the company in a report on Tuesday, February 4th. Hovde Group lifted their price objective on First Community from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Raymond James raised First Community from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the stock from $27.00 to $30.00 in a report on Thursday, January 23rd.

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.