15,101 Shares in First Community Co. (NASDAQ:FCCO) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new position in First Community Co. (NASDAQ:FCCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,101 shares of the bank’s stock, valued at approximately $362,000.

Other large investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in First Community by 57.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,282 shares of the bank’s stock worth $511,000 after purchasing an additional 7,788 shares during the last quarter. Wells Fargo & Company MN increased its position in 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 purchasing an additional 7,557 shares during the last quarter. Barclays PLC increased its position in First Community by 214.0% in the third quarter. Barclays PLC now owns 10,046 shares of the bank’s stock worth $215,000 after purchasing an additional 6,847 shares during the last quarter. Renaissance Technologies LLC boosted its stake in First Community by 5.4% during the fourth 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 period. Finally, Global Retirement Partners LLC purchased a new position in First Community during the fourth quarter worth $39,000. Institutional investors own 61.25% of the company’s stock.

Analysts Set New Price Targets

FCCO has been the subject of several recent analyst reports. Raymond James raised shares of First Community from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $27.00 to $30.00 in a research note on Thursday, January 23rd. Hovde Group lifted their price objective on shares of First Community from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Finally, Janney Montgomery Scott raised shares of First Community from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, February 4th.

First Community Stock Up 0.5%

Shares of FCCO opened at $23.98 on Monday. The firm has a market capitalization of $183.95 million, a P/E ratio of 13.25 and a beta of 0.36. First Community Co. has a 12-month low of $15.75 and a 12-month high of $27.96. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $22.43 and a 200-day moving average price of $24.06.

First Community (NASDAQ:FCCO) last issued its earnings results 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 firm had revenue of $18.37 million during 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%. Equities research analysts expect that First Community Co. will post 2.28 earnings per share for the current year.

First Community Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date 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.