First Community (NASDAQ:FCCO) Stock Rating Upgraded by Raymond James

First Community (NASDAQ:FCCO) was upgraded by Raymond James from an “outperform” rating to a “strong-buy” rating in a research note issued on Thursday, Marketbeat.com reports. The firm presently has a $30.00 price objective on the bank’s stock, up from their previous price objective of $27.00. Raymond James’ price objective suggests a potential upside of 15.43% from the stock’s previous close.

First Community Stock Up 0.1 %

Shares of FCCO stock opened at $25.99 on Thursday. First Community has a fifty-two week low of $15.40 and a fifty-two week high of $27.28. The stock’s 50-day simple moving average is $24.67 and its 200-day simple moving average is $22.73. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $198.56 million, a PE ratio of 14.36 and a beta of 0.42.

First Community (NASDAQ:FCCO) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.49 by $0.06. First Community had a net margin of 13.49% and a return on equity of 10.14%. During the same period last year, the business earned $0.43 EPS. Equities analysts expect that First Community will post 2.08 earnings per share for the current year.

Institutional Investors Weigh In On First Community

Hedge funds and other institutional investors have recently made changes to their positions in the company. Independent Advisor Alliance boosted its holdings in First Community by 0.7% during the third quarter. Independent Advisor Alliance now owns 105,945 shares of the bank’s stock worth $2,271,000 after buying an additional 690 shares in the last quarter. Hunter Perkins Capital Management LLC increased its holdings in First Community by 0.5% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 182,441 shares of the bank’s stock valued at $4,379,000 after buying an additional 850 shares in the last quarter. State Street Corp raised its position in shares of First Community by 5.6% in the third quarter. State Street Corp now owns 22,795 shares of the bank’s stock worth $489,000 after acquiring an additional 1,200 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of First Community during the 2nd quarter worth about $58,000. Finally, Geode Capital Management LLC grew its position in shares of First Community by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 83,088 shares of the bank’s stock valued at $1,782,000 after acquiring an additional 5,157 shares during the period. Institutional investors and hedge funds own 61.25% of the company’s stock.

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.