Zacks Investment Research cut shares of First Community (NASDAQ:FCCO) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

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 downgraded shares of First Community from a hold rating to a sell rating in a report on Friday, February 22nd.

Shares of FCCO opened at $20.26 on Monday. The firm has a market cap of $154.50 million, a price-to-earnings ratio of 13.97 and a beta of 0.89. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.18. First Community has a 1-year low of $17.93 and a 1-year high of $26.25.

First Community (NASDAQ:FCCO) last announced its earnings results on Wednesday, January 16th. The bank reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $11.65 million for the quarter, compared to analysts’ expectations of $11.81 million. First Community had a net margin of 22.29% and a return on equity of 10.51%. Sell-side analysts expect that First Community will post 1.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, January 30th. This is an increase from First Community’s previous quarterly dividend of $0.10. First Community’s dividend payout ratio is 30.34%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Abacus Planning Group Inc. lifted its holdings in shares of First Community by 714.8% in the 4th quarter. Abacus Planning Group Inc. now owns 90,144 shares of the bank’s stock valued at $1,751,000 after acquiring an additional 79,080 shares during the last quarter. Pwmco LLC raised its position in First Community by 53.9% in the 4th quarter. Pwmco LLC now owns 222,875 shares of the bank’s stock worth $4,330,000 after purchasing an additional 78,025 shares during the period. Panagora Asset Management Inc. purchased a new stake in First Community in the 3rd quarter worth about $976,000. Northern Trust Corp purchased a new stake in First Community in the 2nd quarter worth about $471,000. Finally, Dimensional Fund Advisors LP raised its position in First Community by 20.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 75,106 shares of the bank’s stock worth $1,818,000 after purchasing an additional 12,511 shares during the period. 53.48% of the stock is owned by institutional investors and hedge funds.

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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