Hsbc Holdings PLC Acquires New Stake in First Community Corporation $FCCO

Hsbc Holdings PLC bought a new position in shares of First Community Corporation (NASDAQ:FCCO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,652 shares of the bank’s stock, valued at approximately $524,000. Hsbc Holdings PLC owned about 0.19% of First Community as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FCCO. Anchor Investment Management LLC lifted its stake in shares of First Community by 1.8% in the fourth quarter. Anchor Investment Management LLC now owns 33,046 shares of the bank’s stock worth $980,000 after acquiring an additional 592 shares during the period. Empowered Funds LLC raised its holdings in First Community by 5.6% during the 4th quarter. Empowered Funds LLC now owns 13,232 shares of the bank’s stock worth $392,000 after purchasing an additional 700 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in shares of First Community by 3.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 22,869 shares of the bank’s stock worth $678,000 after purchasing an additional 700 shares during the period. Advisory Services Network LLC acquired a new position in shares of First Community in the 3rd quarter worth approximately $26,000. Finally, Bank of America Corp DE boosted its stake in shares of First Community by 12.1% in the 3rd quarter. Bank of America Corp DE now owns 8,683 shares of the bank’s stock valued at $245,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 61.25% of the company’s stock.

First Community Price Performance

Shares of NASDAQ FCCO opened at $33.42 on Friday. The firm has a market capitalization of $314.15 million, a P/E ratio of 13.11 and a beta of 0.34. The firm’s 50-day moving average price is $31.38 and its 200-day moving average price is $30.22. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.07. First Community Corporation has a 1-year low of $24.12 and a 1-year high of $34.01.

First Community (NASDAQ:FCCO) last issued its earnings results on Wednesday, April 22nd. The bank reported $0.72 EPS for the quarter, beating the consensus estimate of $0.64 by $0.08. First Community had a return on equity of 13.00% and a net margin of 17.29%.The company had revenue of $23.16 million during the quarter, compared to the consensus estimate of $23.61 million. Equities research analysts anticipate that First Community Corporation will post 2.97 earnings per share for the current fiscal year.

First Community Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, May 5th. First Community’s dividend payout ratio is presently 25.10%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of First Community in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, First Community has a consensus rating of “Moderate Buy” and an average target price of $34.00.

First Community Profile

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.