First Community (NASDAQ:FCCO) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of First Community (NASDAQ:FCCOGet Rating) in a report published on Monday morning. The brokerage issued a hold rating on the bank’s stock.

First Community Trading Up 0.3 %

First Community stock opened at $20.60 on Monday. The business has a 50 day moving average price of $18.53 and a two-hundred day moving average price of $18.52. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.13. The stock has a market cap of $155.94 million, a price-to-earnings ratio of 10.79 and a beta of 0.54. First Community has a 12 month low of $16.97 and a 12 month high of $23.42.

First Community Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, October 31st. This represents a $0.52 annualized dividend and a yield of 2.52%. First Community’s dividend payout ratio (DPR) is 27.23%.

Hedge Funds Weigh In On First Community

A number of hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of First Community by 1.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 409,357 shares of the bank’s stock worth $8,678,000 after buying an additional 4,305 shares in the last quarter. Banc Funds Co. LLC raised its holdings in shares of First Community by 11.1% in the 1st quarter. Banc Funds Co. LLC now owns 400,522 shares of the bank’s stock worth $8,491,000 after buying an additional 40,018 shares in the last quarter. Fourthstone LLC raised its holdings in shares of First Community by 50.9% in the 1st quarter. Fourthstone LLC now owns 280,735 shares of the bank’s stock worth $5,952,000 after buying an additional 94,705 shares in the last quarter. Hunter Perkins Capital Management LLC raised its holdings in shares of First Community by 3.6% in the 2nd quarter. Hunter Perkins Capital Management LLC now owns 230,025 shares of the bank’s stock worth $4,410,000 after buying an additional 8,000 shares in the last quarter. Finally, Strategic Value Bank Partners LLC increased its holdings in First Community by 58.2% during the 1st quarter. Strategic Value Bank Partners LLC now owns 218,410 shares of the bank’s stock valued at $4,630,000 after purchasing an additional 80,358 shares in the last quarter. 49.97% of the stock is owned by institutional investors and hedge funds.

About First Community

(Get Rating)

First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.

Further Reading

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