Schonfeld Strategic Advisors LLC Invests $362,000 in First Community Co. (NASDAQ:FCCO)

Schonfeld Strategic Advisors LLC bought a new stake in shares of First Community Co. (NASDAQ:FCCO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 15,101 shares of the bank's stock, valued at approximately $362,000. Schonfeld Strategic Advisors LLC owned 0.20% of First Community as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Susquehanna International Group LLP raised its position in shares of First Community by 183.1% during the 4th 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. Marshall Wace LLP bought a new position in shares of First Community in the fourth quarter worth $206,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of First Community by 57.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,282 shares of the bank's stock worth $511,000 after buying an additional 7,788 shares in the last quarter. Wells Fargo & Company MN boosted its stake in First Community by 419.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,357 shares of the bank's stock valued at $225,000 after purchasing an additional 7,557 shares in the last quarter. Finally, Barclays PLC raised its position in First Community by 71.7% in the fourth quarter. Barclays PLC now owns 17,251 shares of the bank's stock worth $415,000 after acquiring an additional 7,205 shares in the last quarter. 61.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

First Community Stock Performance

NASDAQ:FCCO traded down $0.03 during trading hours on Wednesday, hitting $24.08. 19,492 shares of the company traded hands, compared to its average volume of 37,135. 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 $184.72 million, a price-to-earnings ratio of 13.30 and a beta of 0.36. The firm has a 50-day moving average of $22.45 and a 200 day moving average of $24.07. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. First Community had a net margin of 13.49% and a return on equity of 10.14%. The company had revenue of $18.37 million during the quarter, compared to analysts' expectations of $17.39 million. On average, analysts forecast that First Community Co. will post 2.28 EPS for the current year.

First Community Announces Dividend

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

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.