First Community (NASDAQ:FCCO – Get Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.
Separately, Raymond James raised First Community from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Thursday, January 25th.
Read Our Latest Research Report on First Community
First Community Trading Up 0.3 %
First Community (NASDAQ:FCCO – Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. First Community had a return on equity of 8.69% and a net margin of 12.32%. The company had revenue of $24.44 million for the quarter, compared to analysts’ expectations of $14.83 million. As a group, sell-side analysts forecast that First Community will post 1.57 EPS for the current year.
Institutional Trading of First Community
Several hedge funds and other institutional investors have recently bought and sold shares of FCCO. UBS Group AG boosted its position in shares of First Community by 314.7% in the 3rd quarter. UBS Group AG now owns 1,833 shares of the bank’s stock worth $32,000 after purchasing an additional 1,391 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its position in shares of First Community by 4,253.3% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 1,959 shares of the bank’s stock worth $34,000 after purchasing an additional 1,914 shares in the last quarter. Citigroup Inc. acquired a new stake in shares of First Community in the 2nd quarter worth $38,000. California State Teachers Retirement System acquired a new stake in shares of First Community in the 2nd quarter worth $43,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of First Community in the 2nd quarter worth $70,000. Institutional investors own 61.25% of the company’s stock.
About First Community
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.
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