First Community (NASDAQ:FCCO) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of First Community (NASDAQ:FCCO – Get Rating) in a research note issued on Wednesday. The firm set a “hold” rating on the bank’s stock.

Shares of FCCO opened at $18.93 on Wednesday. The firm has a market cap of $143.13 million, a P/E ratio of 9.10 and a beta of 0.66. The stock has a 50 day simple moving average of $19.25 and a two-hundred day simple moving average of $20.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.65 and a quick ratio of 0.64. First Community has a 1 year low of $17.55 and a 1 year high of $23.42.

First Community (NASDAQ:FCCO – Get Rating) last posted its quarterly earnings results on Wednesday, April 20th. The bank reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. First Community had a return on equity of 11.56% and a net margin of 25.54%. The business had revenue of $14.11 million for the quarter, compared to analyst estimates of $14.21 million. On average, equities analysts anticipate that First Community will post 1.84 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of First Community by 1.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 409,357 shares of the bank’s stock worth $8,678,000 after acquiring an additional 4,305 shares in the last quarter. State Street Corp raised its holdings in First Community by 8.6% in the first quarter. State Street Corp now owns 17,755 shares of the bank’s stock worth $376,000 after purchasing an additional 1,413 shares in the last quarter. Fourthstone LLC lifted its position in First Community by 50.9% during the first quarter. Fourthstone LLC now owns 280,735 shares of the bank’s stock valued at $5,952,000 after buying an additional 94,705 shares during the period. BlackRock Inc. boosted its holdings in shares of First Community by 31.4% during the 1st quarter. BlackRock Inc. now owns 51,604 shares of the bank’s stock valued at $1,094,000 after buying an additional 12,340 shares in the last quarter. Finally, Walthausen & Co. LLC grew its position in shares of First Community by 0.7% in the 1st quarter. Walthausen & Co. LLC now owns 109,040 shares of the bank’s stock worth $2,312,000 after buying an additional 740 shares during the period. 56.67% of the stock is currently owned by hedge funds and other institutional investors.

First Community Company Profile (Get Rating)

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 Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.

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