FIG Partners Lowers First Community (FCCO) to Market-Perform
FIG Partners downgraded shares of First Community (NASDAQ:FCCO) from an outperform rating to a market-perform rating in a research report released on Monday morning. FIG Partners also issued estimates for First Community’s Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.40 EPS and Q4 2019 earnings at $0.36 EPS.
A number of other equities analysts have also commented on the company. Zacks Investment Research upgraded First Community from a sell rating to a hold rating in a research note on Friday, October 20th. ValuEngine lowered First Community from a buy rating to a hold rating in a research note on Friday, October 20th.
First Community (NASDAQ:FCCO) traded down $0.75 during trading on Monday, reaching $21.75. The company’s stock had a trading volume of 33,900 shares, compared to its average volume of 11,771. First Community has a 12-month low of $18.50 and a 12-month high of $24.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.76. The company has a market cap of $151.23, a price-to-earnings ratio of 25.59 and a beta of 0.86.
Several institutional investors and hedge funds have recently modified their holdings of the company. Stifel Financial Corp increased its stake in shares of First Community by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock valued at $406,000 after purchasing an additional 406 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of First Community by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 390,962 shares of the bank’s stock valued at $8,210,000 after purchasing an additional 7,919 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of First Community in the 3rd quarter valued at $904,000. Finally, Janus Henderson Group PLC bought a new position in shares of First Community in the 2nd quarter valued at $1,141,000. Institutional investors own 47.87% of the company’s stock.
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About First Community
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.
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