33,447 Shares in First Community Corporation $FCCO Bought by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC bought a new stake in First Community Corporation (NASDAQ:FCCO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,447 shares of the bank’s stock, valued at approximately $944,000.

A number of other large investors have also made changes to their positions in the company. CWM LLC purchased a new stake in shares of First Community during the 3rd quarter valued at about $31,000. BNP Paribas Financial Markets grew its position in First Community by 324.2% during the second quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock valued at $33,000 after buying an additional 1,031 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in First Community during the second quarter valued at approximately $41,000. Blue Trust Inc. bought a new position in First Community in the second quarter worth approximately $42,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of First Community during the 2nd quarter worth $99,000. 61.25% of the stock is currently owned by institutional investors.

First Community Price Performance

Shares of First Community stock opened at $28.58 on Wednesday. The company has a market capitalization of $219.78 million, a price-to-earnings ratio of 11.91 and a beta of 0.38. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. The stock’s 50-day simple moving average is $29.51 and its 200-day simple moving average is $27.80. First Community Corporation has a 52 week low of $19.46 and a 52 week high of $31.50.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FCCO shares. Weiss Ratings restated a “buy (b)” rating on shares of First Community in a research note on Thursday, January 22nd. Zacks Research cut First Community from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.50.

First Community Company Profile

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.