First Community Co. (NASDAQ:FCCO) Stake Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in shares of First Community Co. (NASDAQ:FCCO) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,404 shares of the bank’s stock after selling 889 shares during the quarter. Russell Investments Group Ltd. owned about 0.28% of First Community worth $428,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BlackRock Inc. grew its position in First Community by 31.4% during the 1st quarter. BlackRock Inc. now owns 51,604 shares of the bank’s stock worth $1,094,000 after purchasing an additional 12,340 shares in the last quarter. Fourthstone LLC grew its stake in First Community by 50.9% during the 1st quarter. Fourthstone LLC now owns 280,735 shares of the bank’s stock valued at $5,952,000 after acquiring an additional 94,705 shares in the last quarter. State Street Corp increased its holdings in shares of First Community by 8.6% in the 1st 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 period. The Manufacturers Life Insurance Company lifted its position in shares of First Community by 1.1% in the first quarter. The Manufacturers Life Insurance Company now owns 409,357 shares of the bank’s stock worth $8,678,000 after purchasing an additional 4,305 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of First Community by 314.7% during the third quarter. UBS Group AG now owns 1,833 shares of the bank’s stock worth $32,000 after purchasing an additional 1,391 shares during the period. Institutional investors own 58.13% of the company’s stock.

First Community Price Performance

Shares of NASDAQ:FCCO opened at $17.59 on Monday. The firm has a market capitalization of $133.58 million, a PE ratio of 9.11 and a beta of 0.55. First Community Co. has a 1-year low of $16.30 and a 1-year high of $22.25. The business’s 50 day moving average is $17.92 and its 200-day moving average is $18.56. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89.

First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, July 19th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. First Community had a net margin of 20.36% and a return on equity of 12.31%. The business had revenue of $20.55 million for the quarter, compared to analysts’ expectations of $14.68 million. Sell-side analysts predict that First Community Co. will post 1.62 earnings per share for the current year.

First Community Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, July 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.18%. First Community’s payout ratio is presently 29.02%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of First Community from a “hold” rating to a “sell” rating in a report on Friday, August 25th.

First Community Company 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, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.