First Community (NASDAQ:FCCO) EVP Sells $345,200.00 in Stock

First Community Corporation (NASDAQ:FCCO) EVP Fred Joseph Deutsch sold 10,000 shares of First Community stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $34.52, for a total transaction of $345,200.00. Following the completion of the transaction, the executive vice president owned 18,468 shares in the company, valued at approximately $637,515.36. This trade represents a 35.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

First Community Price Performance

NASDAQ FCCO opened at $34.11 on Friday. First Community Corporation has a 1 year low of $24.12 and a 1 year high of $35.74. The business’s fifty day moving average is $32.10 and its two-hundred day moving average is $30.48. The stock has a market capitalization of $320.63 million, a P/E ratio of 12.73 and a beta of 0.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.81 and a current ratio of 0.82.

First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.15. The business had revenue of $25.14 million during the quarter, compared to analyst estimates of $24.69 million. First Community had a return on equity of 14.03% and a net margin of 18.32%. On average, research analysts forecast that First Community Corporation will post 3.13 earnings per share for the current fiscal year.

First Community Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 4th will be issued a dividend of $0.17 per share. This is a positive change from First Community’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, August 4th. First Community’s dividend payout ratio (DPR) is currently 23.88%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of First Community in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Community currently has an average rating of “Moderate Buy” and an average target price of $34.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FCCO. Fifth Third Wealth Advisors LLC purchased a new stake in First Community in the 1st quarter worth about $8,430,000. Millennium Management LLC grew its stake in First Community by 115.5% during the 1st quarter. Millennium Management LLC now owns 195,527 shares of the bank’s stock valued at $4,411,000 after acquiring an additional 104,796 shares in the last quarter. Geode Capital Management LLC grew its stake in First Community by 103.4% during the 2nd quarter. Geode Capital Management LLC now owns 174,732 shares of the bank’s stock valued at $4,260,000 after acquiring an additional 88,807 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in First Community by 199.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 90,919 shares of the bank’s stock valued at $2,051,000 after acquiring an additional 60,596 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of First Community by 31.4% in the 1st quarter. Renaissance Technologies LLC now owns 125,328 shares of the bank’s stock valued at $3,663,000 after purchasing an additional 29,967 shares during the period. Hedge funds and other institutional investors own 61.25% of the company’s stock.

About First Community

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.