StockNews.com began coverage on shares of First Community (NASDAQ:FCCO – Get Rating) in a report published on Wednesday morning. The brokerage issued a hold rating on the bank's stock.

First Community Price Performance

Shares of NASDAQ:FCCO opened at $20.03 on Wednesday. The company has a market cap of $151.63 million, a P/E ratio of 10.49 and a beta of 0.55. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.13. First Community has a 52 week low of $16.97 and a 52 week high of $22.20. The business has a fifty day simple moving average of $19.15 and a 200-day simple moving average of $18.62.

First Community (NASDAQ:FCCO – Get Rating) last announced its quarterly earnings data on Wednesday, October 19th. The bank reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.06. The business had revenue of $15.47 million during the quarter, compared to the consensus estimate of $15.06 million. First Community had a return on equity of 11.64% and a net margin of 23.99%. Equities research analysts forecast that First Community will post 1.89 EPS for the current year.

First Community Dividend Announcement

Institutional Investors Weigh In On First Community

A number of institutional investors have recently added to or reduced their stakes in the company. UBS Group AG grew its position in First Community by 314.7% during the third quarter. UBS Group AG now owns 1,833 shares of the bank's stock valued at $32,000 after acquiring an additional 1,391 shares during the period. Algebris UK Ltd acquired a new position in shares of First Community during the third quarter worth about $858,000. rhino investment partners Inc lifted its stake in shares of First Community by 4.1% during the second quarter. rhino investment partners Inc now owns 30,628 shares of the bank's stock worth $587,000 after purchasing an additional 1,200 shares in the last quarter. Maltese Capital Management LLC lifted its stake in shares of First Community by 3.2% during the second quarter. Maltese Capital Management LLC now owns 100,000 shares of the bank's stock worth $1,917,000 after purchasing an additional 3,064 shares in the last quarter. Finally, Ronald Blue Trust Inc. acquired a new position in shares of First Community during the second quarter worth about $150,000. Hedge funds and other institutional investors own 49.97% of the company's stock.

About First Community

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First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.

Further Reading

• Get a free copy of the StockNews.com research report on First Community (FCCO)
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