Banc Funds Co. LLC Cuts Stock Holdings in First Community Co. (NASDAQ:FCCO)

Banc Funds Co. LLC reduced its position in First Community Co. (NASDAQ:FCCO) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,424 shares of the bank’s stock after selling 46,551 shares during the period. Banc Funds Co. LLC owned about 1.82% of First Community worth $2,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FCCO. Hobbs Group Advisors LLC purchased a new position in First Community during the second quarter worth approximately $49,000. Cubist Systematic Strategies LLC acquired a new stake in shares of First Community in the second quarter valued at approximately $58,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of First Community during the 2nd quarter worth $190,000. Squarepoint Ops LLC purchased a new position in First Community during the second quarter worth about $261,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in First Community in the third quarter valued at approximately $289,000. Institutional investors and hedge funds own 61.25% of the company’s stock.

First Community Stock Performance

NASDAQ FCCO opened at $26.01 on Monday. 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 stock has a market cap of $198.72 million, a PE ratio of 15.39 and a beta of 0.39. The stock has a fifty day simple moving average of $23.13 and a 200-day simple moving average of $20.64. First Community Co. has a twelve month low of $15.40 and a twelve month high of $26.27.

First Community (NASDAQ:FCCO) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $26.73 million for the quarter, compared to the consensus estimate of $16.65 million. First Community had a net margin of 12.99% and a return on equity of 9.57%. During the same period in the previous year, the firm earned $0.23 EPS. Equities analysts anticipate that First Community Co. will post 1.76 earnings per share for the current year.

First Community Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Tuesday, October 29th. First Community’s dividend payout ratio (DPR) is 35.50%.

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.