First Community Corporation (FCCO) Director George H. Fann, Jr. Acquires 5,000 Shares of Stock
First Community Corporation (NASDAQ:FCCO) Director George H. Fann, Jr. acquired 5,000 shares of the stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $20.55 per share, for a total transaction of $102,750.00. Following the purchase, the director now directly owns 84,616 shares of the company’s stock, valued at approximately $1,738,858.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
First Community Corporation (NASDAQ FCCO) remained flat at $20.50 during trading on Friday. The company’s stock had a trading volume of 1,084 shares. The stock has a market cap of $137.29 million, a P/E ratio of 20.30 and a beta of 0.81. First Community Corporation has a 1-year low of $14.80 and a 1-year high of $23.55. The firm has a 50 day moving average of $20.70 and a 200 day moving average of $20.83.
First Community Corporation (NASDAQ:FCCO) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.02. The business had revenue of $9.69 million during the quarter, compared to analysts’ expectations of $9.42 million. First Community Corporation had a net margin of 17.39% and a return on equity of 8.24%. On average, analysts forecast that First Community Corporation will post $0.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Thursday, July 27th. First Community Corporation’s dividend payout ratio is currently 35.64%.
A number of equities analysts have weighed in on FCCO shares. Zacks Investment Research lowered First Community Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. ValuEngine raised First Community Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
Large investors have recently made changes to their positions in the stock. Greenwood Capital Associates LLC acquired a new stake in shares of First Community Corporation during the first quarter worth approximately $338,000. ClariVest Asset Management LLC acquired a new stake in shares of First Community Corporation during the first quarter worth approximately $110,000. RMB Capital Management LLC increased its stake in shares of 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 in the last quarter. Elizabeth Park Capital Advisors Ltd. increased its stake in shares of 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 in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of First Community Corporation during the first quarter worth approximately $226,000. 46.36% of the stock is owned by institutional investors and hedge funds.
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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