Susquehanna International Group LLP Purchases 59,335 Shares of First Community Co. (NASDAQ:FCCO)

Susquehanna International Group LLP grew its position in shares of First Community Co. (NASDAQ:FCCO) by 183.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,733 shares of the bank’s stock after purchasing an additional 59,335 shares during the quarter. Susquehanna International Group LLP owned approximately 1.20% of First Community worth $2,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in First Community by 214.0% in the 3rd quarter. Barclays PLC now owns 10,046 shares of the bank’s stock valued at $215,000 after acquiring an additional 6,847 shares during the period. Hunter Perkins Capital Management LLC increased its holdings in First Community by 0.5% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 182,441 shares of the bank’s stock valued at $4,379,000 after purchasing an additional 850 shares during the period. Global Retirement Partners LLC bought a new position in First Community during the 4th quarter worth $39,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in First Community by 57.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,282 shares of the bank’s stock worth $511,000 after buying an additional 7,788 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of First Community by 419.8% in the 4th quarter. Wells Fargo & Company MN now owns 9,357 shares of the bank’s stock valued at $225,000 after buying an additional 7,557 shares during the last quarter. Institutional investors and hedge funds own 61.25% of the company’s stock.

First Community Stock Up 0.5 %

Shares of First Community stock opened at $23.98 on Friday. The firm has a market cap of $183.95 million, a price-to-earnings ratio of 13.25 and a beta of 0.36. The stock’s 50-day moving average is $22.43 and its 200 day moving average is $24.04. 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 Co. has a one year low of $15.75 and a one year high of $27.96.

First Community (NASDAQ:FCCO) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. First Community had a net margin of 13.49% and a return on equity of 10.14%. The company had revenue of $18.37 million during the quarter, compared to the consensus estimate of $17.39 million. Equities research analysts anticipate that First Community Co. will post 2.28 EPS for the current year.

First Community Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.50%. First Community’s dividend payout ratio is currently 30.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James raised First Community from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $27.00 to $30.00 in a research note on Thursday, January 23rd. Janney Montgomery Scott upgraded shares of First Community from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, February 4th. Finally, Hovde Group upped their price objective on shares of First Community from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th.

First Community 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.