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

Fourthstone LLC trimmed its position in First Community Co. (NASDAQ:FCCO - Free Report) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 326,393 shares of the bank's stock after selling 73,832 shares during the quarter. First Community makes up approximately 1.5% of Fourthstone LLC's holdings, making the stock its 21st largest position. Fourthstone LLC owned 4.27% of First Community worth $7,833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Asset Advisors Investment Management LLC raised its holdings in First Community by 48.1% during the 3rd quarter. Asset Advisors Investment Management LLC now owns 39,985 shares of the bank's stock worth $857,000 after buying an additional 12,985 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in First Community by 57.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,282 shares of the bank's stock worth $511,000 after purchasing an additional 7,788 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of First Community by 419.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,357 shares of the bank's stock worth $225,000 after purchasing an additional 7,557 shares during the last quarter. Barclays PLC raised its holdings in First Community by 71.7% in the 4th quarter. Barclays PLC now owns 17,251 shares of the bank's stock valued at $415,000 after acquiring an additional 7,205 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of First Community by 5.4% during the 4th quarter. Renaissance Technologies LLC now owns 101,369 shares of the bank's stock worth $2,433,000 after acquiring an additional 5,200 shares during the period. 61.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

First Community Stock Performance

NASDAQ:FCCO traded up $1.36 during trading hours on Tuesday, reaching $22.57. The stock had a trading volume of 4,908 shares, compared to its average volume of 37,153. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $173.10 million, a P/E ratio of 12.26 and a beta of 0.31. First Community Co. has a 12-month low of $15.61 and a 12-month high of $27.96. The stock has a 50 day simple moving average of $22.96 and a 200 day simple moving average of $23.89.

First Community (NASDAQ:FCCO - Get Free Report) last posted its 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. On average, research analysts forecast that First Community Co. will post 2.28 EPS for the current fiscal year.

First Community 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.