First Community Co. (NASDAQ:FCCO) Short Interest Update

by · The Markets Daily

First Community Co. (NASDAQ:FCCO – Get Free Report) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 30,600 shares, an increase of 81.1% from the December 15th total of 16,900 shares. Based on an average trading volume of 22,700 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the company’s stock are sold short.

First Community Stock Up 3.1 %

Shares of FCCO stock traded up $0.68 during mid-day trading on Tuesday, reaching $22.97. 21,829 shares of the company were exchanged, compared to its average volume of 22,141. The company has a market capitalization of $175.51 million, a P/E ratio of 13.59 and a beta of 0.42. The business’s 50 day simple moving average is $24.66 and its 200 day simple moving average is $22.31. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. First Community has a fifty-two week low of $15.40 and a fifty-two week high of $26.48.

First Community (NASDAQ:FCCO – Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $26.73 million for the quarter, compared to the consensus estimate of $16.65 million. First Community had a return on equity of 9.57% and a net margin of 12.99%. During the same quarter last year, the business posted $0.23 EPS. Research analysts predict that First Community will post 1.76 earnings per share for the current year.

Institutional Trading of First Community

Several institutional investors have recently modified their holdings of FCCO. Cubist Systematic Strategies LLC bought a new position in shares of First Community in the second quarter valued at $58,000. Barclays PLC raised its holdings 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 period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of First Community in the 2nd quarter valued at approximately $190,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in First Community in the 3rd quarter worth approximately $289,000. Finally, Squarepoint Ops LLC purchased a new position in First Community during the 2nd quarter worth approximately $261,000. Institutional investors and hedge funds own 61.25% of the company’s stock.

About First Community

(Get Free Report)

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.

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