First Community (NASDAQ:FCCO) Upgraded at Raymond James

First Community (NASDAQ:FCCO) was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a note issued to investors on Thursday,Benzinga reports. The firm presently has a $30.00 price target on the bank’s stock, up from their previous price target of $27.00. Raymond James’ price target suggests a potential upside of 22.10% from the company’s current price.

First Community Stock Up 1.4 %

FCCO opened at $24.57 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $187.71 million, a price-to-earnings ratio of 14.54 and a beta of 0.42. The business has a 50-day moving average of $24.60 and a two-hundred day moving average of $22.63. First Community has a 12 month low of $15.40 and a 12 month high of $26.48.

First Community (NASDAQ:FCCO) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.49 by $0.06. First Community had a return on equity of 9.57% and a net margin of 12.99%. During the same period in the previous year, the business posted $0.43 earnings per share. On average, research analysts expect that First Community will post 1.76 earnings per share for the current year.

Institutional Trading of First Community

Institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new stake in shares of First Community during the 2nd quarter worth about $261,000. State Street Corp boosted its holdings in First Community by 5.6% in the 3rd quarter. State Street Corp now owns 22,795 shares of the bank’s stock worth $489,000 after acquiring an additional 1,200 shares during the period. Barclays PLC boosted its holdings in First Community by 214.0% in the 3rd quarter. Barclays PLC now owns 10,046 shares of the bank’s stock worth $215,000 after acquiring an additional 6,847 shares during the period. Geode Capital Management LLC boosted its holdings in First Community by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,088 shares of the bank’s stock worth $1,782,000 after acquiring an additional 5,157 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in First Community in the 2nd quarter worth approximately $58,000. Hedge funds and other institutional investors own 61.25% of the company’s stock.

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.