( ) has seen a notable increase in short-term interest during the month April. On April 30, there were 27,400 shorted shares. This is a 28.0% increase from April 15th's total of 21,400. The short-interest rate is currently 2.0 days based on a daily average trading volume of 13,700 share. Short-selling is currently 0.4% of shares.
In other news, Jan H. Hollar, Director, acquired 2,000 First Community shares in a deal dated February 22nd. The shares were bought at an average of $19.60 a share for a transaction totaling $39,200.00. After the completion of the deal, the director owns directly 5,359 shares worth approximately $105,036.40. Recently, several institutional investors and hedge fund have bought and sold FCCO shares. BlackRock Inc. increased its stake in First Community during the first quarter by 31.4%. BlackRock Inc. owns 51 604 shares worth $1 094,000, after purchasing an additional 12 340 shares. Fourthstone LLC increased its stake in First Community during the first quarter by 50.9%. Fourthstone LLC owns 280 735 shares worth $5,952,000, after purchasing an additional 94 705 shares. State Street Corp increased its stake in First Community shares by 8.6% during first quarter. State Street Corp owns 17,755 of the bank’s shares valued at $376,000, after buying an additional 1,413 during the period. Manufacturers Life Insurance Company increased its holdings in First Community shares by 1.1% during first quarter. After purchasing 4,305 additional shares, the Manufacturers Life Insurance Company owns 409 357 shares worth $8 678 000. Algebris UK Ltd also purchased shares of First Community in the third quarter, valued at $858,000. Hedge funds and institutional investors own 50.78%.
Wall Street analysts weigh in
Recent reports have been released by several research firms on FCCO. DA Davidson reiterated a buy' rating for shares of First Community on Wednesday, 4th April in a report. In a report published on Tuesday, 25th April, lowered the shares of First Community to a "sell" rating.
First Community Price Performance
traded up $0.55 on Friday, reaching $17.21. The company's stock had a trading volume of 11,738 shares, compared to its average volume of 13,063. The stock's fifty day simple moving average is $19.55 and its 200-day simple moving average is $20.12. First Community has a 1 year low of $16.30 and a 1 year high of $22.25. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $130.64 million, a price-to-earnings ratio of 9.01 and a beta of 0.52.
First Community Announces Dividend
Recently, the company announced a quarterly distribution that will be paid out on May 16th. Dividends will be paid to shareholders who were in the record books on May 2nd. This is a $0.56 dividend annualized and a 3.25 percent yield. This dividend will be ex-dividend on Monday, May 1. First Community has a payout ratio of 29.32%.
First Community Company Profile
First Community Corp., a bank holding, provides commercial banking services via its subsidiary First Community Bank. It is divided into four segments: Commercial and Retail Banking; Mortgage Banking; Investment Advisory and Non-Deposits, and Corporate.
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