According to Zacks, “First Community Corp presently engages in no business other than owning and managing the First Community Bank. The bank is engaged in a general commercial and retail banking business, emphasizing the needs of small-to-medium sized businesses, professional concerns and individuals, primarily in Richland and Lexington counties of South Carolina and the surrounding area. “
Separately, ValuEngine upgraded First Community from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd.
First Community (NASDAQ:FCCO) last released its quarterly earnings results on Wednesday, April 17th. The bank reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The company had revenue of $11.53 million for the quarter, compared to analysts’ expectations of $11.74 million. First Community had a return on equity of 9.92% and a net margin of 21.47%. As a group, sell-side analysts anticipate that First Community will post 1.47 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in FCCO. BNP Paribas Arbitrage SA raised its position in First Community by 514.2% in the first quarter. BNP Paribas Arbitrage SA now owns 1,517 shares of the bank’s stock worth $29,000 after acquiring an additional 1,270 shares in the last quarter. CLS Investments LLC purchased a new position in First Community in the first quarter worth $72,000. Bank of America Corp DE raised its position in First Community by 35.4% in the fourth quarter. Bank of America Corp DE now owns 8,339 shares of the bank’s stock worth $162,000 after acquiring an additional 2,181 shares in the last quarter. First Trust Advisors LP raised its position in First Community by 19.1% in the fourth quarter. First Trust Advisors LP now owns 12,792 shares of the bank’s stock worth $249,000 after acquiring an additional 2,050 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in First Community by 10.4% in the first quarter. JPMorgan Chase & Co. now owns 14,979 shares of the bank’s stock worth $285,000 after acquiring an additional 1,413 shares in the last quarter. Hedge funds and other institutional investors own 53.82% of the company’s stock.
First Community Company Profile
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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