First Community (NASDAQ:FCCO) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of First Community (NASDAQ:FCCOGet Rating) in a note issued to investors on Monday. The brokerage set a “hold” rating on the bank’s stock.

First Community Price Performance

FCCO opened at $20.51 on Monday. The company’s 50 day simple moving average is $18.31 and its 200 day simple moving average is $18.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.65 and a current ratio of 0.65. First Community has a 1 year low of $16.97 and a 1 year high of $23.42. The stock has a market capitalization of $155.32 million, a PE ratio of 10.74 and a beta of 0.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FCCO. UBS Group AG increased its stake in shares of First Community by 314.7% in the third quarter. UBS Group AG now owns 1,833 shares of the bank’s stock worth $32,000 after buying an additional 1,391 shares during the last quarter. Ronald Blue Trust Inc. bought a new stake in First Community during the second quarter valued at $150,000. State Street Corp increased its stake in First Community by 8.6% during the first quarter. State Street Corp now owns 17,755 shares of the bank’s stock valued at $376,000 after purchasing an additional 1,413 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in First Community during the second quarter valued at $552,000. Finally, rhino investment partners Inc increased its stake in First Community by 4.1% during the second quarter. rhino investment partners Inc now owns 30,628 shares of the bank’s stock valued at $587,000 after purchasing an additional 1,200 shares during the last quarter. 49.97% of the stock is owned by institutional investors and hedge funds.

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

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