First Community Corporation (FCCO) Stock Rating Lowered by ValuEngine
First Community Corporation (NASDAQ:FCCO) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Separately, Zacks Investment Research upgraded shares of First Community Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 15th.
First Community Corporation (FCCO) opened at 22.05 on Friday. First Community Corporation has a 52-week low of $14.80 and a 52-week high of $23.55. The firm has a 50-day moving average of $20.88 and a 200 day moving average of $20.77. The firm has a market cap of $147.67 million, a price-to-earnings ratio of 21.83 and a beta of 0.81.
First Community Corporation (NASDAQ:FCCO) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). First Community Corporation had a net margin of 17.69% and a return on equity of 8.52%. The business had revenue of $9.65 million during the quarter, compared to analyst estimates of $9.79 million. On average, equities research analysts forecast that First Community Corporation will post $1.01 earnings per share for the current year.
In other First Community Corporation news, Director George H. Fann, Jr. bought 1,903 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was acquired at an average price of $20.35 per share, with a total value of $38,726.05. Following the completion of the transaction, the director now owns 86,519 shares in the company, valued at $1,760,661.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George H. Fann, Jr. bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average cost of $20.55 per share, with a total value of $102,750.00. Following the transaction, the director now owns 84,616 shares of the company’s stock, valued at approximately $1,738,858.80. The disclosure for this purchase can be found here. 8.60% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its position in First Community Corporation by 2.1% in the second quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock valued at $406,000 after purchasing an additional 406 shares in the last quarter. Janus Henderson Group PLC bought a new position in First Community Corporation in the second quarter valued at $1,141,000. Geode Capital Management LLC bought a new position in First Community Corporation in the first quarter valued at $1,146,000. Finally, The Manufacturers Life Insurance Company grew its position in First Community Corporation by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 390,962 shares of the bank’s stock valued at $8,210,000 after purchasing an additional 7,919 shares in the last quarter. 47.13% 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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