Fourthstone LLC Buys 89,652 Shares of First Community Co. (NASDAQ:FCCO)

Fourthstone LLC raised its stake in First Community Co. (NASDAQ:FCCO) by 28.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 400,225 shares of the bank’s stock after acquiring an additional 89,652 shares during the quarter. First Community comprises 1.9% of Fourthstone LLC’s holdings, making the stock its 16th largest position. Fourthstone LLC owned 5.24% of First Community worth $8,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new stake in shares of First Community in the second quarter valued at about $49,000. Cubist Systematic Strategies LLC acquired a new stake in shares of First Community in the second quarter valued at approximately $58,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in First Community during the second quarter worth approximately $190,000. Quadrature Capital Ltd bought a new position in First Community during the 1st quarter worth $239,000. Finally, Squarepoint Ops LLC bought a new position in shares of First Community in the second quarter worth $261,000. 61.25% of the stock is currently owned by institutional investors and hedge funds.

First Community Price Performance

NASDAQ FCCO traded up $0.36 during trading on Thursday, hitting $25.68. 19,141 shares of the company’s stock were exchanged, compared to its average volume of 27,172. The company has a market cap of $196.20 million, a PE ratio of 15.20 and a beta of 0.39. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. First Community Co. has a fifty-two week low of $15.40 and a fifty-two week high of $26.27. The stock’s 50 day moving average price is $23.01 and its two-hundred day moving average price is $20.48.

First Community (NASDAQ:FCCO) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $26.73 million during the quarter, compared to analyst estimates of $16.65 million. First Community had a net margin of 12.99% and a return on equity of 9.57%. During the same quarter last year, the business earned $0.23 EPS. Research analysts expect that First Community Co. will post 1.76 EPS for the current year.

First Community Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Tuesday, October 29th. First Community’s payout ratio is 35.50%.

About First Community

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.