Hunter Perkins Capital Management LLC Has $4.38 Million Stock Holdings in First Community Co. (NASDAQ:FCCO)

Hunter Perkins Capital Management LLC increased its position in shares of First Community Co. (NASDAQ:FCCO) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 182,441 shares of the bank’s stock after purchasing an additional 850 shares during the period. Hunter Perkins Capital Management LLC’s holdings in First Community were worth $4,379,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FCCO. Cubist Systematic Strategies LLC bought a new stake in First Community during the second quarter worth about $58,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of First Community in the 2nd quarter worth approximately $190,000. Barclays PLC grew its position in First Community by 214.0% during 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 last quarter. Squarepoint Ops LLC acquired a new stake in First Community during the 2nd quarter valued at $261,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in First Community in the 3rd quarter valued at $289,000. 61.25% of the stock is owned by institutional investors.

First Community Trading Up 0.1 %

Shares of FCCO opened at $25.99 on Monday. First Community Co. has a 12-month low of $15.40 and a 12-month high of $27.28. The firm has a market capitalization of $198.56 million, a PE ratio of 14.36 and a beta of 0.42. 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 fifty day simple moving average is $24.67 and its 200-day simple moving average is $22.81.

First Community (NASDAQ:FCCO) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. First Community had a net margin of 13.49% and a return on equity of 10.14%. During the same quarter in the previous year, the business earned $0.43 EPS. As a group, research analysts predict that First Community Co. will post 2.08 earnings per share for the current year.

First Community Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, February 4th. First Community’s dividend payout ratio is currently 33.15%.

Analysts Set New Price Targets

Several brokerages have recently commented on FCCO. Hovde Group increased their target price on First Community from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday. Raymond James raised shares of First Community from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $27.00 to $30.00 in a report on Thursday.

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.