First Community Corporation (FCCO) Stock Rating Lowered by ValuEngine
First Community Corporation (NASDAQ:FCCO) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.
Separately, Zacks Investment Research downgraded shares of First Community Corporation from a “hold” rating to a “sell” rating in a research report on Friday, October 6th.
Shares of First Community Corporation (NASDAQ:FCCO) traded down 0.45% on Friday, reaching $22.05. 1,051 shares of the company’s stock were exchanged. The firm has a market capitalization of $147.67 million, a P/E ratio of 21.83 and a beta of 0.81. The firm has a 50 day moving average of $20.88 and a 200 day moving average of $20.77. First Community Corporation has a one year low of $14.80 and a one year high of $23.55.
First Community Corporation (NASDAQ:FCCO) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $9.65 million for the quarter, compared to analysts’ expectations of $9.79 million. First Community Corporation had a return on equity of 8.52% and a net margin of 17.69%. On average, equities research analysts predict that First Community Corporation will post $1.01 EPS for the current year.
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In other First Community Corporation news, Director George H. Fann, Jr. bought 5,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average cost of $20.55 per share, with a total value of $102,750.00. Following the acquisition, 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 filing with the SEC, which is accessible through this hyperlink. Also, Director George H. Fann, Jr. bought 1,903 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was acquired at an average cost of $20.35 per share, for a total transaction of $38,726.05. Following the completion of the acquisition, the director now directly owns 86,519 shares in the company, valued at $1,760,661.65. The disclosure for this purchase can be found here. 8.60% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of First Community Corporation by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 390,962 shares of the bank’s stock valued at $8,210,000 after acquiring an additional 7,919 shares during the period. Janus Henderson Group PLC acquired a new position in shares of First Community Corporation in the 2nd quarter valued at $1,141,000. Geode Capital Management LLC acquired a new position in shares of First Community Corporation in the 1st quarter valued at $1,146,000. Finally, Stifel Financial Corp increased its holdings in shares of First Community Corporation by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock valued at $406,000 after acquiring an additional 406 shares during the period. 47.13% of the stock is currently owned by institutional investors and hedge funds.
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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