First Community Co. (FCCO) EVP David K. Proctor Sells 3,000 Shares

First Community Co. (NASDAQ:FCCO) EVP David K. Proctor sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $22.60, for a total value of $67,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of FCCO stock traded up $0.55 during trading hours on Thursday, reaching $23.05. 27,678 shares of the company’s stock were exchanged, compared to its average volume of 11,447. First Community Co. has a fifty-two week low of $20.33 and a fifty-two week high of $26.25. The firm has a market cap of $168.83 million, a PE ratio of 21.15 and a beta of 0.63. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.14.

First Community (NASDAQ:FCCO) last issued its quarterly earnings results on Wednesday, October 17th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). First Community had a return on equity of 10.04% and a net margin of 18.52%. The business had revenue of $11.73 million for the quarter, compared to analyst estimates of $12.02 million. As a group, equities analysts predict that First Community Co. will post 1.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Tuesday, October 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, October 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. First Community’s dividend payout ratio (DPR) is presently 36.70%.

A number of brokerages have recently commented on FCCO. Zacks Investment Research lowered First Community from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine lowered First Community from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd.

Several hedge funds have recently modified their holdings of FCCO. Millennium Management LLC raised its stake in shares of First Community by 20.1% in the first quarter. Millennium Management LLC now owns 12,997 shares of the bank’s stock valued at $298,000 after purchasing an additional 2,174 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of First Community in the second quarter valued at $103,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of First Community in the second quarter valued at $214,000. First Trust Advisors LP acquired a new position in shares of First Community in the third quarter valued at $260,000. Finally, Brown Advisory Inc. acquired a new position in shares of First Community in the first quarter valued at $303,000. Institutional investors own 53.21% of the company’s stock.

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About First Community

First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.

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