American Century Companies Inc. Buys New Position in First Community Corporation $FCCO

American Century Companies Inc. bought a new stake in First Community Corporation (NASDAQ:FCCO) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,199 shares of the bank’s stock, valued at approximately $456,000.

Several other institutional investors and hedge funds have also made changes to their positions in FCCO. Barclays PLC boosted its holdings in shares of First Community by 71.7% in the fourth quarter. Barclays PLC now owns 17,251 shares of the bank’s stock valued at $415,000 after acquiring an additional 7,205 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in First Community by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 112,430 shares of the bank’s stock valued at $2,698,000 after purchasing an additional 7,031 shares in the last quarter. Susquehanna International Group LLP boosted its stake in First Community by 183.1% during the 4th quarter. Susquehanna International Group LLP now owns 91,733 shares of the bank’s stock valued at $2,202,000 after purchasing an additional 59,335 shares in the last quarter. Northern Trust Corp boosted its stake in First Community by 2.8% during the fourth quarter. Northern Trust Corp now owns 14,798 shares of the bank’s stock valued at $355,000 after buying an additional 404 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in First Community during the fourth quarter valued at about $362,000. 61.25% of the stock is currently owned by institutional investors.

First Community Trading Down 0.4%

Shares of FCCO stock opened at $27.63 on Friday. The stock has a 50-day simple moving average of $25.73 and a 200 day simple moving average of $23.98. First Community Corporation has a fifty-two week low of $19.46 and a fifty-two week high of $28.03. The stock has a market capitalization of $212.47 million, a P/E ratio of 12.39 and a beta of 0.46. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.10.

First Community (NASDAQ:FCCO) last posted its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.09. First Community had a net margin of 15.87% and a return on equity of 11.65%. The company had revenue of $19.53 million during the quarter, compared to analyst estimates of $18.56 million. On average, sell-side analysts expect that First Community Corporation will post 2.28 earnings per share for the current fiscal year.

First Community Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 5th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 5th. This is a positive change from First Community’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 2.3%. First Community’s payout ratio is 28.70%.

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.