First Community Co. (NASDAQ:FCCO) – Investment analysts at FIG Partners upped their FY2018 earnings per share (EPS) estimates for shares of First Community in a report released on Wednesday. FIG Partners analyst B. Martin now forecasts that the bank will post earnings of $1.41 per share for the year, up from their prior forecast of $1.27.
FCCO has been the topic of a number of other research reports. Zacks Investment Research upgraded First Community from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine upgraded First Community from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). First Community had a return on equity of 8.85% and a net margin of 19.62%. The firm had revenue of $9.65 million for the quarter, compared to analyst estimates of $9.79 million.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independent Advisor Alliance purchased a new position in shares of First Community during the third quarter worth about $904,000. Janus Henderson Group PLC grew its holdings in shares of First Community by 136.9% during the third quarter. Janus Henderson Group PLC now owns 128,725 shares of the bank’s stock worth $2,632,000 after buying an additional 74,397 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of First Community by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 390,962 shares of the bank’s stock worth $8,210,000 after buying an additional 7,919 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of First Community by 2.1% during the second quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock worth $406,000 after buying an additional 406 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new position in shares of First Community during the first quarter worth about $1,146,000. 47.87% of the stock is currently owned by hedge funds and other institutional investors.
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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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