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

Banc Funds Co. LLC lowered its position in shares of First Community Co. (NASDAQ:FCCO) by 25.0% in the third quarter, HoldingsChannel.com reports. The firm owned 139,424 shares of the bank’s stock after selling 46,551 shares during the quarter. Banc Funds Co. LLC’s holdings in First Community were worth $2,989,000 as of its most recent SEC filing.

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

First Community Trading Up 1.3 %

Shares of First Community stock 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 company has a fifty day simple moving average of $23.13 and a 200-day simple moving average of $20.64. The stock has a market cap of $198.72 million, a price-to-earnings ratio of 15.39 and a beta of 0.39. First Community Co. has a 12-month low of $15.40 and a 12-month high of $26.27.

First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. First Community had a net margin of 12.99% and a return on equity of 9.57%. The company had revenue of $26.73 million during the quarter, compared to the consensus estimate of $16.65 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, equities analysts forecast that First Community Co. will post 1.76 EPS for the current fiscal 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 given a dividend of $0.15 per share. This represents a $0.60 annualized dividend 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%.

About First Community

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.