Zacks Investment Research lowered shares of First Community Corporation (NASDAQ:FCCO) from a hold rating to a sell rating in a research note issued to investors on Tuesday, July 25th.

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. “

Separately, ValuEngine upgraded First Community Corporation from a hold rating to a buy rating in a research note on Friday, June 2nd.

Shares of First Community Corporation (NASDAQ FCCO) traded up 0.49% during trading on Tuesday, reaching $20.60. 2,131 shares of the company were exchanged. The firm’s 50 day moving average price is $20.89 and its 200 day moving average price is $20.75. First Community Corporation has a one year low of $14.63 and a one year high of $23.55. The company has a market capitalization of $138.04 million, a PE ratio of 20.40 and a beta of 0.81.

First Community Corporation (NASDAQ:FCCO) last issued 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. First Community Corporation had a net margin of 17.39% and a return on equity of 8.29%. The company had revenue of $9.69 million for the quarter, compared to the consensus estimate of $9.42 million. Equities research analysts forecast that First Community Corporation will post $0.98 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, July 27th. First Community Corporation’s dividend payout ratio (DPR) is presently 35.64%.

In other news, CEO Michael C. Crapps sold 6,544 shares of First Community Corporation stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $20.06, for a total transaction of $131,272.64. Following the sale, the chief executive officer now directly owns 67,967 shares in the company, valued at approximately $1,363,418.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.73% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. RMB Capital Management LLC boosted its stake in First Community Corporation by 21.1% in the first quarter. RMB Capital Management LLC now owns 384,473 shares of the bank’s stock worth $8,458,000 after buying an additional 66,928 shares during the last quarter. Mendon Capital Advisors Corp boosted its stake in First Community Corporation by 31.0% in the first quarter. Mendon Capital Advisors Corp now owns 292,490 shares of the bank’s stock worth $6,434,000 after buying an additional 69,219 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. boosted its stake in First Community Corporation by 10.9% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 238,208 shares of the bank’s stock worth $5,241,000 after buying an additional 23,497 shares during the last quarter. Geode Capital Management LLC acquired a new stake in First Community Corporation during the first quarter worth approximately $1,146,000. Finally, Asset Advisors Corp boosted 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 worth $1,053,000 after buying an additional 256 shares during the last quarter. Institutional investors own 46.35% of the company’s stock.

About First Community Corporation

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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