Deutsche Bank AG trimmed its position in shares of First Community Co. (NASDAQ:FCCO) by 54.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,844 shares of the bank’s stock after selling 28,915 shares during the quarter. Deutsche Bank AG owned approximately 0.31% of First Community worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of First Community by 35.4% during the fourth quarter. Bank of America Corp DE now owns 8,339 shares of the bank’s stock valued at $162,000 after purchasing an additional 2,181 shares during the period. First Trust Advisors LP grew its position in First Community by 19.1% in the fourth quarter. First Trust Advisors LP now owns 12,792 shares of the bank’s stock valued at $249,000 after acquiring an additional 2,050 shares during the period. Abacus Planning Group Inc. grew its position in First Community by 14.6% in the fourth quarter. Abacus Planning Group Inc. now owns 12,674 shares of the bank’s stock valued at $416,000 after acquiring an additional 1,610 shares during the period. Bank of New York Mellon Corp boosted its stake in First Community by 21.9% in the fourth quarter. Bank of New York Mellon Corp now owns 33,467 shares of the bank’s stock worth $650,000 after purchasing an additional 6,021 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in First Community by 1.0% in the fourth quarter. Northern Trust Corp now owns 67,759 shares of the bank’s stock worth $1,317,000 after purchasing an additional 663 shares in the last quarter. Hedge funds and other institutional investors own 53.40% of the company’s stock.
A number of equities analysts have commented on the company. Zacks Investment Research lowered First Community from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. ValuEngine raised First Community from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th.
Shares of NASDAQ:FCCO traded up $0.64 during mid-day trading on Friday, reaching $18.42. 24,374 shares of the stock were exchanged, compared to its average volume of 18,310. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market cap of $135.06 million, a PE ratio of 12.70 and a beta of 0.87. First Community Co. has a one year low of $17.08 and a one year high of $26.25.
First Community (NASDAQ:FCCO) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). First Community had a net margin of 21.47% and a return on equity of 9.92%. The company had revenue of $11.53 million for the quarter, compared to analyst estimates of $11.74 million. On average, research analysts predict that First Community Co. will post 1.43 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a $0.11 dividend. The ex-dividend date was Monday, April 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.39%. First Community’s payout ratio is 30.34%.
First Community Profile
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 four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.
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