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

Banc Funds Co. LLC trimmed its position in shares of First Community Co. (NASDAQ:FCCO - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,424 shares of the bank's stock after selling 46,551 shares during the period. Banc Funds Co. LLC owned 1.82% of First Community worth $2,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of First Community by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 409,203 shares of the bank's stock valued at $7,132,000 after purchasing an additional 3,254 shares during the period. Fourthstone LLC lifted its holdings in shares of First Community by 28.9% in the third quarter. Fourthstone LLC now owns 400,225 shares of the bank's stock worth $8,581,000 after buying an additional 89,652 shares in the last quarter. Strategic Value Bank Partners LLC boosted its position in shares of First Community by 0.3% in the second quarter. Strategic Value Bank Partners LLC now owns 291,998 shares of the bank's stock valued at $5,037,000 after acquiring an additional 975 shares during the period. Independent Advisor Alliance grew its stake in First Community by 0.7% during the third quarter. Independent Advisor Alliance now owns 105,945 shares of the bank's stock valued at $2,271,000 after acquiring an additional 690 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in First Community by 22.1% during the second quarter. Acadian Asset Management LLC now owns 19,474 shares of the bank's stock valued at $335,000 after acquiring an additional 3,525 shares in the last quarter. 61.25% of the stock is owned by hedge funds and other institutional investors.

First Community Price Performance

NASDAQ FCCO traded down $0.01 on Monday, hitting $26.00. The stock had a trading volume of 17,695 shares, compared to its average volume of 27,056. The firm has a 50-day moving average of $23.13 and a 200-day moving average of $20.64. The company has a market capitalization of $198.64 million, a price-to-earnings ratio of 15.39 and a beta of 0.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. First Community Co. has a 52-week low of $15.40 and a 52-week high of $26.44.

First Community (NASDAQ:FCCO - Get Free Report) last posted 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. The company had revenue of $26.73 million during the quarter, compared to analyst estimates of $16.65 million. First Community had a return on equity of 9.57% and a net margin of 12.99%. During the same quarter last year, the company earned $0.23 earnings per share. Equities analysts expect that First Community Co. will post 1.76 EPS for the current year.

First Community Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.31%. First Community's payout ratio is 35.50%.

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.