Zacks Investment Research upgraded shares of First Community (NASDAQ:FCCO) from a sell rating to a hold rating in a report released on Tuesday morning.
According to Zacks, “First Community Corp presently engages in no business other than owning and managing the First Community Bank. The bank is engaged in a general commercial and retail banking business, emphasizing the needs of small-to-medium sized businesses, professional concerns and individuals, primarily in Richland and Lexington counties of South Carolina and the surrounding area. “
Shares of First Community stock opened at $21.06 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The firm has a market cap of $159.31 million, a price-to-earnings ratio of 19.32 and a beta of 0.66. First Community has a 12-month low of $20.33 and a 12-month high of $26.25.
In other First Community news, EVP David K. Proctor sold 3,000 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $22.60, for a total transaction of $67,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.38% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of First Community by 2.5% during the 3rd quarter. BlackRock Inc. now owns 350,265 shares of the bank’s stock valued at $8,476,000 after buying an additional 8,559 shares in the last quarter. Pwmco LLC boosted its holdings in shares of First Community by 11.8% during the 3rd quarter. Pwmco LLC now owns 144,850 shares of the bank’s stock valued at $3,505,000 after buying an additional 15,325 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of First Community by 189.3% during the 2nd quarter. Renaissance Technologies LLC now owns 79,570 shares of the bank’s stock valued at $1,997,000 after buying an additional 52,070 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of First Community by 20.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 75,106 shares of the bank’s stock valued at $1,818,000 after buying an additional 12,511 shares in the last quarter. Finally, Asset Advisors Investment Management LLC bought a new stake in shares of First Community during the 3rd quarter valued at $1,317,000. 52.52% of the stock is currently owned by institutional investors and hedge funds.
About First Community
First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.
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