35,326 Shares in First Community Corporation $FCCO Acquired by Rosenthal Henry Capital Advisors Inc.

Rosenthal Henry Capital Advisors Inc. purchased a new position in First Community Corporation (NASDAQ:FCCO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,326 shares of the bank’s stock, valued at approximately $997,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FCCO. CWM LLC purchased a new stake in shares of First Community during the 3rd quarter worth $31,000. BNP Paribas Financial Markets raised its stake in First Community by 324.2% in the second quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock valued at $33,000 after buying an additional 1,031 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in First Community during the 2nd quarter worth about $41,000. Blue Trust Inc. purchased a new stake in First Community during the 2nd quarter worth about $42,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of First Community during the 2nd quarter worth about $99,000. Institutional investors and hedge funds own 61.25% of the company’s stock.

Wall Street Analyst Weigh In

FCCO has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of First Community in a research report on Wednesday, October 8th. Zacks Research lowered shares of First Community from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $29.67.

First Community Trading Down 0.3%

FCCO opened at $29.47 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. First Community Corporation has a 52 week low of $19.46 and a 52 week high of $31.50. The business’s 50 day moving average is $29.12 and its two-hundred day moving average is $27.52. The firm has a market cap of $226.62 million, a price-to-earnings ratio of 12.28 and a beta of 0.38.

First Community (NASDAQ:FCCO) last announced its earnings results on Wednesday, October 22nd. The bank reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $20.29 million for the quarter, compared to analysts’ expectations of $19.77 million. First Community had a net margin of 16.69% and a return on equity of 12.46%. On average, research analysts predict that First Community Corporation will post 2.28 EPS for the current year.

First Community Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Tuesday, November 4th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.2%. First Community’s dividend payout ratio (DPR) is currently 26.67%.

First Community Company Profile

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.