First Community Co. (NASDAQ:FCCO) Shares Sold by Banc Funds Co. LLC

Banc Funds Co. LLC decreased its position in First Community Co. (NASDAQ:FCCO - Free Report) by 34.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,645 shares of the bank's stock after selling 47,779 shares during the quarter. Banc Funds Co. LLC owned 1.20% of First Community worth $2,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Marshall Wace LLP purchased a new stake in shares of First Community in the 4th quarter valued at $206,000. Barclays PLC boosted its position in First Community by 71.7% during the fourth quarter. Barclays PLC now owns 17,251 shares of the bank's stock valued at $415,000 after buying an additional 7,205 shares during the period. Renaissance Technologies LLC increased its holdings in shares of First Community by 5.4% in the fourth quarter. Renaissance Technologies LLC now owns 101,369 shares of the bank's stock worth $2,433,000 after buying an additional 5,200 shares during the period. Wells Fargo & Company MN lifted its stake in shares of First Community by 419.8% in the 4th quarter. Wells Fargo & Company MN now owns 9,357 shares of the bank's stock valued at $225,000 after acquiring an additional 7,557 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in First Community by 57.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,282 shares of the bank's stock valued at $511,000 after acquiring an additional 7,788 shares during the period. 61.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Raymond James raised shares of First Community from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company from $27.00 to $30.00 in a research report on Thursday, January 23rd. Janney Montgomery Scott raised First Community from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a research report on Tuesday, February 4th. Finally, Hovde Group increased their price objective on First Community from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd.

First Community Stock Performance

Shares of First Community stock traded up $1.10 on Tuesday, reaching $22.31. 8,781 shares of the stock were exchanged, compared to its average volume of 37,165. First Community Co. has a twelve month low of $15.61 and a twelve month high of $27.96. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $171.14 million, a price-to-earnings ratio of 12.33 and a beta of 0.31. The business has a 50 day moving average price of $22.96 and a two-hundred day moving average price of $23.89.

First Community (NASDAQ:FCCO - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.55 EPS for the quarter, topping the consensus estimate of $0.49 by $0.06. First Community had a return on equity of 10.14% and a net margin of 13.49%. During the same quarter in the previous year, the business earned $0.43 earnings per share. Analysts anticipate that First Community Co. will post 2.28 earnings per share for the current fiscal year.

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.