First Community Co. (NASDAQ:FCCO) Shares Sold by Strategic Value Bank Partners LLC

Strategic Value Bank Partners LLC lowered its holdings in First Community Co. (NASDAQ:FCCO - Free Report) by 13.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 252,585 shares of the bank's stock after selling 39,413 shares during the quarter. First Community comprises 3.3% of Strategic Value Bank Partners LLC's investment portfolio, making the stock its 14th biggest holding. Strategic Value Bank Partners LLC owned about 3.31% of First Community worth $5,415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Independent Advisor Alliance boosted its holdings in shares of First Community by 0.7% in the 3rd quarter. Independent Advisor Alliance now owns 105,945 shares of the bank's stock valued at $2,271,000 after buying an additional 690 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of First Community during the second quarter worth about $49,000. Vanguard Group Inc. lifted its holdings in shares of First Community by 0.8% in 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 last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of First Community in the 2nd quarter valued at about $58,000. Finally, Acadian Asset Management LLC increased its position in First Community by 22.1% during the second quarter. Acadian Asset Management LLC now owns 19,474 shares of the bank's stock worth $335,000 after buying an additional 3,525 shares during the period. Institutional investors and hedge funds own 61.25% of the company's stock.

First Community Stock Performance

Shares of FCCO stock traded down $0.05 during trading hours on Thursday, hitting $25.99. The stock had a trading volume of 16,315 shares, compared to its average volume of 26,948. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $198.56 million, a PE ratio of 15.41 and a beta of 0.40. The stock's 50 day moving average is $23.40 and its 200 day moving average is $20.80. First Community Co. has a twelve month low of $15.40 and a twelve month high of $26.48.

First Community (NASDAQ:FCCO - Get Free Report) last issued its quarterly earnings results 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. First Community had a return on equity of 9.57% and a net margin of 12.99%. The firm had revenue of $26.73 million for the quarter, compared to analysts' expectations of $16.65 million. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, research analysts forecast that First Community Co. will post 1.76 earnings per share for the current fiscal year.

First Community Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 29th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, October 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.31%. First Community's dividend payout ratio (DPR) 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.