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

Fourthstone LLC lifted its holdings in shares of First Community Co. (NASDAQ:FCCO) by 28.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 400,225 shares of the bank’s stock after acquiring an additional 89,652 shares during the quarter. First Community accounts for about 1.9% of Fourthstone LLC’s holdings, making the stock its 16th largest position. Fourthstone LLC owned about 0.05% of First Community worth $8,581,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in First Community during the second quarter worth about $261,000. Quadrature Capital Ltd bought a new stake in shares of First Community in the 1st quarter worth approximately $239,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in First Community in the third quarter valued at approximately $289,000. Point72 Asia Singapore Pte. Ltd. bought a new position in First Community during the second quarter valued at $190,000. Finally, Russell Investments Group Ltd. increased its position in First Community by 18.9% in the first quarter. Russell Investments Group Ltd. now owns 44,150 shares of the bank’s stock worth $770,000 after buying an additional 7,003 shares during the last quarter. 61.25% of the stock is currently owned by institutional investors.

First Community Stock Performance

Shares of NASDAQ FCCO traded up $0.36 during trading on Thursday, reaching $25.68. 19,141 shares of the stock traded hands, compared to its average volume of 27,172. The company has a 50-day moving average of $23.01 and a 200-day moving average of $20.48. First Community Co. has a 52-week low of $15.40 and a 52-week high of $26.27. The stock has a market capitalization of $196.20 million, a P/E ratio of 15.20 and a beta of 0.39. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79.

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

First Community Announces Dividend

The firm also recently announced 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. The ex-dividend date was Tuesday, October 29th. This represents a $0.60 dividend on an annualized basis and a yield of 2.34%. First Community’s payout ratio is 35.50%.

First Community Company Profile

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.