First Community (NASDAQ:FCCO) Upgraded at Janney Montgomery Scott

First Community (NASDAQ:FCCO) was upgraded by equities researchers at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm presently has a $30.00 price objective on the bank’s stock. Janney Montgomery Scott’s price objective suggests a potential upside of 18.02% from the company’s current price.

FCCO has been the subject of several other research reports. Hovde Group boosted their price objective on shares of First Community from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Raymond James upgraded shares of First Community from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $27.00 to $30.00 in a research note on Thursday, January 23rd.

First Community Stock Performance

FCCO stock opened at $25.42 on Tuesday. The company has a market cap of $194.21 million, a P/E ratio of 14.04 and a beta of 0.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s fifty day moving average price is $24.81 and its 200-day moving average price is $23.07. First Community has a 1 year low of $15.40 and a 1 year high of $27.28.

First Community (NASDAQ:FCCO) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. First Community had a net margin of 13.49% and a return on equity of 10.14%. During the same quarter last year, the business earned $0.43 earnings per share. On average, equities analysts forecast that First Community will post 2.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Squarepoint Ops LLC purchased a new stake in shares of First Community in the second quarter valued at about $261,000. State Street Corp raised its position in First Community by 5.6% during the third quarter. State Street Corp now owns 22,795 shares of the bank’s stock worth $489,000 after acquiring an additional 1,200 shares during the last quarter. Barclays PLC boosted its stake in shares of First Community by 214.0% during the third quarter. Barclays PLC now owns 10,046 shares of the bank’s stock valued at $215,000 after acquiring an additional 6,847 shares during the last quarter. Geode Capital Management LLC grew its stake in First Community by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,088 shares of the bank’s stock worth $1,782,000 after acquiring an additional 5,157 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in First Community in the second quarter valued at approximately $58,000. Institutional investors and hedge funds own 61.25% of the company’s stock.

About First Community

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.