George H. Fann, Jr. Acquires 5,000 Shares of First Community Corporation (FCCO) Stock
First Community Corporation (NASDAQ:FCCO) Director George H. Fann, Jr. bought 5,000 shares of the stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost of $20.55 per share, with a total value of $102,750.00. Following the purchase, the director now directly owns 84,616 shares of the company’s stock, valued at approximately $1,738,858.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of First Community Corporation (NASDAQ:FCCO) remained flat at $20.50 during midday trading on Friday. The company’s stock had a trading volume of 1,084 shares. The company has a 50 day moving average of $20.72 and a 200-day moving average of $20.82. The company has a market capitalization of $137.29 million, a PE ratio of 20.30 and a beta of 0.81. First Community Corporation has a 52 week low of $14.75 and a 52 week high of $23.55.
First Community Corporation (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.02. The company had revenue of $9.69 million during the quarter, compared to the consensus estimate of $9.42 million. First Community Corporation had a net margin of 17.39% and a return on equity of 8.24%. Equities analysts expect that First Community Corporation will post $0.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.36 annualized dividend and a dividend yield of 1.76%. First Community Corporation’s dividend payout ratio is currently 35.64%.
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FCCO has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of First Community Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. ValuEngine raised shares of First Community Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Hedge funds have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC bought a new stake in First Community Corporation during the first quarter valued at $110,000. Stratos Wealth Partners LTD. bought a new stake in First Community Corporation during the first quarter valued at $226,000. Greenwood Capital Associates LLC bought a new stake in First Community Corporation during the first quarter valued at $338,000. Stifel Financial Corp raised its stake in First Community Corporation by 2.1% in the second quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock valued at $406,000 after buying an additional 406 shares in the last quarter. Finally, Asset Advisors Corp raised its stake in First Community Corporation by 0.5% in the first quarter. Asset Advisors Corp now owns 47,864 shares of the bank’s stock valued at $1,053,000 after buying an additional 256 shares in the last quarter. Institutional investors own 46.36% of the company’s stock.
First Community Corporation Company Profile
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.
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