The Manufacturers Life Insurance Company Has $7.88 Million Stock Position in First Community Co. (NASDAQ:FCCO)

The Manufacturers Life Insurance Company reduced its holdings in First Community Co. (NASDAQ:FCCO) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 367,298 shares of the bank’s stock after selling 10,124 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in First Community were worth $7,875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FCCO. Squarepoint Ops LLC acquired a new position in First Community in the 2nd quarter valued at approximately $261,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of First Community during the third quarter worth $289,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of First Community during the second quarter worth $190,000. Acadian Asset Management LLC increased its position in shares of First Community by 22.1% during the second quarter. Acadian Asset Management LLC now owns 19,474 shares of the bank’s stock worth $335,000 after buying an additional 3,525 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of First Community during the second quarter worth $58,000. 61.25% of the stock is currently owned by institutional investors and hedge funds.

First Community Trading Down 0.5 %

FCCO opened at $26.04 on Thursday. First Community Co. has a twelve month low of $15.40 and a twelve month high of $26.48. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average of $23.40 and a 200-day moving average of $20.80. The stock has a market cap of $198.95 million, a PE ratio of 15.41 and a beta of 0.40.

First Community (NASDAQ:FCCO) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. First Community had a net margin of 12.99% and a return on equity of 9.57%. The company had revenue of $26.73 million during the quarter, compared to analysts’ expectations of $16.65 million. During the same period in the prior year, the company posted $0.23 earnings per share. On average, sell-side analysts predict that First Community Co. will post 1.76 EPS for the current year.

First Community Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, October 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.30%. The ex-dividend date was Tuesday, October 29th. First Community’s dividend payout ratio is presently 35.50%.

First Community Company Profile

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.