First Community (NASDAQ:FCCO) Given New $29.00 Price Target at Hovde Group

First Community (NASDAQ:FCCO - Get Free Report) had its target price increased by equities research analysts at Hovde Group from $28.00 to $29.00 in a note issued to investors on Thursday,Briefing.com Automated Import reports. The brokerage presently has an "outperform" rating on the bank's stock. Hovde Group's price target would suggest a potential upside of 22.99% from the company's previous close.

FCCO has been the topic of several other research reports. Raymond James raised First Community from an "outperform" rating to a "strong-buy" rating and increased their target price for the company from $27.00 to $30.00 in a research note on Thursday, January 23rd. Janney Montgomery Scott upgraded shares of First Community from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Tuesday, February 4th.

First Community Stock Up 6.1 %

Shares of NASDAQ FCCO opened at $23.58 on Thursday. First Community has a 1 year low of $15.61 and a 1 year high of $27.96. The firm's 50-day moving average is $22.78 and its 200-day moving average is $23.88. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $180.88 million, a PE ratio of 13.03 and a beta of 0.31.

First Community (NASDAQ:FCCO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The firm had revenue of $18.37 million for the quarter, compared to analysts' expectations of $17.39 million. First Community had a net margin of 13.49% and a return on equity of 10.14%. Equities analysts expect that First Community will post 2.28 EPS for the current year.

Institutional Trading of First Community

Large investors have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new position in First Community in the fourth quarter valued at approximately $39,000. Cubist Systematic Strategies LLC boosted its stake in First Community by 63.6% in the 4th quarter. Cubist Systematic Strategies LLC now owns 6,369 shares of the bank's stock worth $153,000 after purchasing an additional 2,475 shares during the period. Marshall Wace LLP bought a new position in First Community during the 4th quarter worth about $206,000. Wells Fargo & Company MN raised 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 purchasing an additional 7,557 shares during the period. Finally, Barclays PLC lifted its holdings in shares of First Community by 214.0% in the third quarter. Barclays PLC now owns 10,046 shares of the bank's stock valued at $215,000 after purchasing an additional 6,847 shares in the last quarter. 61.25% of the stock is owned by institutional investors.

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.

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