Lowers First Community (NASDAQ:FCCO) to Sell

First Community (NASDAQ:FCCOGet Free Report) was downgraded by stock analysts at from a “hold” rating to a “sell” rating in a report issued on Saturday.

First Community Price Performance

Shares of NASDAQ FCCO opened at $16.14 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $123.15 million, a PE ratio of 11.29 and a beta of 0.43. First Community has a one year low of $15.40 and a one year high of $22.00. The firm has a fifty day moving average of $16.58 and a 200 day moving average of $17.73.

First Community (NASDAQ:FCCOGet Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $24.44 million during the quarter, compared to analyst estimates of $14.83 million. First Community had a return on equity of 8.57% and a net margin of 12.32%. As a group, research analysts predict that First Community will post 1.54 EPS for the current fiscal year.

Institutional Investors Weigh In On First Community

Several hedge funds and other institutional investors have recently made changes to their positions in FCCO. Strategic Value Bank Partners LLC grew its holdings in First Community by 0.3% in the 4th quarter. Strategic Value Bank Partners LLC now owns 290,114 shares of the bank’s stock valued at $6,246,000 after buying an additional 892 shares in the last quarter. New York State Common Retirement Fund increased its position in First Community by 522.1% during the fourth quarter. New York State Common Retirement Fund now owns 3,465 shares of the bank’s stock worth $75,000 after purchasing an additional 2,908 shares during the last quarter. Ancora Advisors LLC raised its stake in First Community by 103.5% during the third quarter. Ancora Advisors LLC now owns 76,251 shares of the bank’s stock worth $1,317,000 after purchasing an additional 38,780 shares during the period. Anchor Investment Management LLC acquired a new position in First Community in the 4th quarter valued at about $670,000. Finally, Vanguard Group Inc. grew its stake in shares of First Community by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 409,203 shares of the bank’s stock valued at $7,132,000 after buying an additional 3,254 shares during the period. Institutional investors and hedge funds own 61.25% of the company’s stock.

First Community Company Profile

(Get Free Report)

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.

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