Wellington Management Group LLP Cuts Position in First Community Corporation $FCCO

Wellington Management Group LLP decreased its holdings in First Community Corporation (NASDAQ:FCCO) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,738 shares of the bank’s stock after selling 1,100 shares during the quarter. Wellington Management Group LLP owned about 0.90% of First Community worth $1,551,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. American Century Companies Inc. purchased a new position in First Community in the first quarter worth $456,000. Russell Investments Group Ltd. increased its stake in First Community by 12.0% in the 1st quarter. Russell Investments Group Ltd. now owns 63,828 shares of the bank’s stock valued at $1,440,000 after purchasing an additional 6,818 shares in the last quarter. Independent Advisor Alliance increased its stake in First Community by 4.1% in the 1st quarter. Independent Advisor Alliance now owns 102,823 shares of the bank’s stock valued at $2,320,000 after purchasing an additional 4,020 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in First Community by 42.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 30,247 shares of the bank’s stock valued at $682,000 after purchasing an additional 8,965 shares in the last quarter. Finally, Signaturefd LLC increased its stake in First Community by 846.7% in the 1st quarter. Signaturefd LLC now owns 2,168 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,939 shares in the last quarter. Hedge funds and other institutional investors own 61.25% of the company’s stock.

First Community Stock Performance

NASDAQ FCCO opened at $27.27 on Monday. First Community Corporation has a 1-year low of $19.46 and a 1-year high of $27.96. The company has a market capitalization of $209.71 million, a P/E ratio of 12.23 and a beta of 0.46. The business has a 50 day moving average price of $25.35 and a 200 day moving average price of $23.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.77.

First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.09. First Community had a return on equity of 11.65% and a net margin of 15.87%.The firm had revenue of $19.53 million during the quarter, compared to the consensus estimate of $18.56 million. Sell-side analysts expect that First Community Corporation will post 2.28 EPS for the current fiscal year.

First Community Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 5th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 5th. This is an increase from First Community’s previous quarterly dividend of $0.15. First Community’s dividend payout ratio (DPR) is 28.70%.

First Community Company Profile

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.