ValuEngine upgraded shares of First Community (NASDAQ:FCCO) from a sell rating to a hold rating in a report issued on Saturday, ValuEngine reports.

Separately, Zacks Investment Research upgraded First Community from a strong sell rating to a hold rating in a report on Tuesday, June 18th.

Shares of FCCO stock opened at $18.57 on Friday. The company has a fifty day moving average price of $18.14. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.17. The stock has a market cap of $153.22 million, a price-to-earnings ratio of 12.81 and a beta of 0.86. First Community has a fifty-two week low of $17.08 and a fifty-two week high of $26.25.

First Community (NASDAQ:FCCO) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $11.53 million during the quarter, compared to analysts’ expectations of $11.74 million. First Community had a net margin of 21.47% and a return on equity of 9.92%. As a group, equities research analysts predict that First Community will post 1.43 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its holdings in First Community by 514.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,517 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,270 shares in the last quarter. Bank of America Corp DE lifted its holdings in First Community by 35.4% in the 4th quarter. Bank of America Corp DE now owns 8,339 shares of the bank’s stock valued at $162,000 after purchasing an additional 2,181 shares in the last quarter. First Trust Advisors LP lifted its holdings in First Community by 19.1% in the 4th quarter. First Trust Advisors LP now owns 12,792 shares of the bank’s stock valued at $249,000 after purchasing an additional 2,050 shares in the last quarter. Cutler Capital Management LLC purchased a new position in First Community in the 1st quarter valued at $286,000. Finally, Abacus Planning Group Inc. lifted its holdings in First Community by 14.6% in the 4th quarter. Abacus Planning Group Inc. now owns 12,674 shares of the bank’s stock valued at $416,000 after purchasing an additional 1,610 shares in the last quarter. Institutional investors own 53.40% of the company’s stock.

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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