Shares of First Community Co. (NASDAQ:FCCO) have earned a consensus broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company.

Brokers have set a 1-year consensus price target of $22.50 for the company and are forecasting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also given First Community an industry rank of 200 out of 265 based on the ratings given to its competitors.

FCCO has been the subject of several recent research reports. Zacks Investment Research upgraded First Community from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. ValuEngine lowered First Community from a “buy” rating to a “hold” rating in a research note on Friday, October 20th.

In other news, Director George H. Fann, Jr. purchased 1,903 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was purchased at an average price of $20.35 per share, with a total value of $38,726.05. Following the completion of the purchase, the director now directly owns 86,519 shares in the company, valued at approximately $1,760,661.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.73% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Stifel Financial Corp boosted its holdings in First Community 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 purchasing an additional 406 shares during the last quarter. Independent Advisor Alliance purchased a new position in shares of First Community in the 3rd quarter valued at $904,000. Janus Henderson Group PLC purchased a new position in shares of First Community in the 2nd quarter valued at $1,141,000. Geode Capital Management LLC purchased a new position in shares of First Community in the 1st quarter valued at $1,146,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of First Community 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 buying an additional 7,919 shares during the last quarter. 47.87% of the stock is owned by hedge funds and other institutional investors.

First Community (FCCO) opened at $23.50 on Monday. First Community has a fifty-two week low of $16.10 and a fifty-two week high of $24.87. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $157.60, a P/E ratio of 22.60 and a beta of 0.87.

First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). First Community had a net margin of 17.69% and a return on equity of 8.44%. The company had revenue of $9.65 million during the quarter, compared to the consensus estimate of $9.79 million. sell-side analysts forecast that First Community will post 1.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.53%. The ex-dividend date was Tuesday, October 31st. First Community’s dividend payout ratio (DPR) is currently 34.62%.

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First Community 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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