Cubist Systematic Strategies LLC Raises Holdings in First Community Co. (NASDAQ:FCCO)

Cubist Systematic Strategies LLC grew its position in shares of First Community Co. (NASDAQ:FCCO) by 63.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,369 shares of the bank’s stock after purchasing an additional 2,475 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in First Community were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

First Community Price Performance

Shares of NASDAQ FCCO opened at $23.81 on Monday. The firm has a market capitalization of $182.91 million, a P/E ratio of 13.15 and a beta of 0.36. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. The stock’s 50-day simple moving average is $22.54 and its two-hundred day simple moving average is $24.08. First Community Co. has a twelve month low of $15.75 and a twelve month 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, beating the consensus estimate of $0.47 by $0.04. The firm had revenue of $18.37 million for the quarter, compared to analyst estimates of $17.39 million. First Community had a return on equity of 10.14% and a net margin of 13.49%. As a group, equities analysts anticipate that First Community Co. will post 2.28 EPS for the current fiscal year.

First Community Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 6th will be given 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 2.52%. First Community’s dividend payout ratio (DPR) is presently 30.30%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Raymond James upgraded First Community from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $27.00 to $30.00 in a research note on Thursday, January 23rd. Janney Montgomery Scott upgraded First Community from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, February 4th. Finally, Hovde Group boosted their price objective on 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.