Rhino Investment Partners Inc Takes $6.01 Million Position in First Community Co. (NASDAQ:FCCO)

Rhino Investment Partners Inc acquired a new stake in shares of First Community Co. (NASDAQ:FCCO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 250,496 shares of the bank's stock, valued at approximately $6,012,000. First Community comprises approximately 1.3% of Rhino Investment Partners Inc's portfolio, making the stock its 25th biggest holding. Rhino Investment Partners Inc owned about 3.28% of First Community at the end of the most recent quarter.

Several other large investors have also modified their holdings of FCCO. Hunter Perkins Capital Management LLC grew its holdings in First Community by 0.5% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 182,441 shares of the bank's stock valued at $4,379,000 after purchasing an additional 850 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of First Community by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 112,430 shares of the bank's stock valued at $2,698,000 after buying an additional 7,031 shares during the period. Renaissance Technologies LLC increased its holdings in shares of First Community by 5.4% during the 4th quarter. Renaissance Technologies LLC now owns 101,369 shares of the bank's stock worth $2,433,000 after buying an additional 5,200 shares during the last quarter. Susquehanna International Group LLP boosted its holdings 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 acquiring an additional 59,335 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in First Community by 6.6% during the third quarter. Geode Capital Management LLC now owns 83,088 shares of the bank's stock valued at $1,782,000 after acquiring an additional 5,157 shares during the period. 61.25% of the stock is currently owned by hedge funds and other institutional investors.

First Community Stock Up 0.6 %

Shares of NASDAQ:FCCO traded up $0.14 during mid-day trading on Friday, hitting $24.48. 29,333 shares of the company traded hands, compared to its average volume of 37,515. The firm's 50 day simple moving average is $22.50 and its 200 day simple moving average is $24.02. The firm has a market cap of $187.79 million, a P/E ratio of 13.52 and a beta of 0.31. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. 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 posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The company had revenue of $18.37 million for the quarter, compared to analyst estimates of $17.39 million. First Community had a net margin of 13.49% and a return on equity of 10.14%. On average, equities analysts anticipate that First Community Co. will post 2.28 EPS for the current year.

First Community Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Tuesday, May 6th. First Community's payout ratio is 30.30%.

Analyst Upgrades and Downgrades

FCCO has been the topic of a number of research reports. Janney Montgomery Scott upgraded First Community from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a report on Tuesday, February 4th. Raymond James upgraded shares of First Community from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the stock from $27.00 to $30.00 in a research note on Thursday, January 23rd. Finally, Hovde Group raised their target price 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.