Asset Advisors Investment Management LLC Purchases 12,985 Shares of First Community Co. (NASDAQ:FCCO)

Asset Advisors Investment Management LLC increased its position in shares of First Community Co. (NASDAQ:FCCO) by 48.1% during the third quarter, HoldingsChannel reports. The fund owned 39,985 shares of the bank’s stock after buying an additional 12,985 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in First Community were worth $857,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings 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. Geode Capital Management LLC grew its stake in shares of First Community by 6.6% in the third quarter. Geode Capital Management LLC now owns 83,088 shares of the bank’s stock worth $1,782,000 after purchasing an additional 5,157 shares during the last quarter. State Street Corp increased its holdings in First Community by 5.6% in the third quarter. State Street Corp now owns 22,795 shares of the bank’s stock valued at $489,000 after purchasing an additional 1,200 shares during the period. Fourthstone LLC raised its position in First Community by 28.9% during the 3rd quarter. Fourthstone LLC now owns 400,225 shares of the bank’s stock worth $8,581,000 after purchasing an additional 89,652 shares during the last quarter. Finally, Independent Advisor Alliance lifted its holdings in First Community by 0.7% during the 3rd quarter. Independent Advisor Alliance now owns 105,945 shares of the bank’s stock worth $2,271,000 after buying an additional 690 shares during the period. Institutional investors and hedge funds own 61.25% of the company’s stock.

First Community Trading Down 0.2 %

Shares of FCCO stock opened at $25.95 on Friday. First Community Co. has a 1-year low of $15.40 and a 1-year high of $26.48. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. The stock has a market cap of $198.26 million, a price-to-earnings ratio of 15.36 and a beta of 0.40. The stock has a 50-day moving average of $23.95 and a 200-day moving average of $21.13.

First Community (NASDAQ:FCCO) last released its earnings results on Wednesday, October 16th. The bank reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $26.73 million during the quarter, compared to the consensus estimate of $16.65 million. First Community had a net margin of 12.99% and a return on equity of 9.57%. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, equities research analysts forecast that First Community Co. will post 1.76 earnings per share for the current year.

First Community Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, October 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.60 annualized dividend and a yield of 2.31%. First Community’s payout ratio is 35.50%.

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.