Schonfeld Strategic Advisors LLC Takes Position in First Community Co. (NASDAQ:FCCO)

Schonfeld Strategic Advisors LLC acquired 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 institutional investor acquired 15,101 shares of the bank's stock, valued at approximately $362,000. Schonfeld Strategic Advisors LLC owned about 0.20% of First Community at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Susquehanna International Group LLP lifted its holdings in shares of First Community by 183.1% in the 4th quarter. Susquehanna International Group LLP now owns 91,733 shares of the bank's stock worth $2,202,000 after acquiring an additional 59,335 shares during the last quarter. Marshall Wace LLP purchased a new stake in First Community during the fourth quarter valued at about $206,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of First Community by 57.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,282 shares of the bank's stock valued at $511,000 after buying an additional 7,788 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of First Community by 419.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,357 shares of the bank's stock worth $225,000 after buying an additional 7,557 shares during the period. Finally, Barclays PLC boosted its holdings in First Community by 71.7% during the 4th quarter. Barclays PLC now owns 17,251 shares of the bank's stock valued at $415,000 after acquiring an additional 7,205 shares during the period. 61.25% of the stock is owned by hedge funds and other institutional investors.

First Community Trading Down 0.2%

Shares of FCCO traded down $0.04 during mid-day trading on Friday, hitting $23.96. 2,424 shares of the company's stock traded hands, compared to its average volume of 36,969. 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 firm has a market capitalization of $184.06 million, a P/E ratio of 13.24 and a beta of 0.36. The business's 50-day moving average price is $22.50 and its 200-day moving average price is $24.08. First Community Co. has a 1 year low of $15.75 and a 1 year high of $27.96.

First Community (NASDAQ:FCCO - Get Free Report) last issued 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 business had revenue of $18.37 million for the quarter, compared to the consensus estimate of $17.39 million. As a group, sell-side analysts forecast that First Community Co. will post 2.28 EPS for the current fiscal year.

First Community Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 6th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, May 6th. First Community's payout ratio is currently 30.30%.

Analysts Set New Price Targets

A number of equities analysts have commented on FCCO shares. 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. Janney Montgomery Scott raised shares of First Community from a "neutral" rating to a "buy" rating and set a $30.00 target price on the stock in a research note on Tuesday, February 4th. Finally, Raymond James upgraded shares of First Community from an "outperform" rating to a "strong-buy" rating and upped their price target for the company from $27.00 to $30.00 in a report on Thursday, January 23rd.

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.