First Community Corp : Wellington Management Group Llp Makes Purchase

February 9, 2018 - By Darrin Black

 First Community Corp : Wellington Management Group Llp Makes Purchase

Investors sentiment decreased to 0.83 in Q3 2017. Its down 1.37, from 2.2 in 2017Q2. It dropped, as 5 investors sold First Community Corporation shares while 7 reduced holdings. 6 funds opened positions while 4 raised stakes. 3.10 million shares or 0.27% more from 3.09 million shares in 2017Q2 were reported.

Geode Ltd Limited Liability Company holds 0% or 51,014 shares in its portfolio. Wells Fargo And Mn reported 2,197 shares. 384,473 are owned by Rmb Cap Limited Liability Com. 13,391 were reported by State Street. Macquarie Gp Ltd reported 3,276 shares. Manufacturers Life The owns 391,981 shares. Maltese Cap Management Ltd Co owns 160,269 shares or 0.28% of their US portfolio. Salzhauer Michael has invested 0.12% in First Community Corporation (NASDAQ:FCCO). The New York-based Mendon Capital has invested 0.5% in First Community Corporation (NASDAQ:FCCO). Morgan Stanley stated it has 759 shares or 0% of all its holdings. Pinnacle Co owns 61,490 shares for 0.46% of their portfolio. Blackrock Inc accumulated 4,345 shares. Asset Advsr owns 47,864 shares. Greenwood Capital Limited Company invested in 0.08% or 15,375 shares. Rbf Llc has invested 0.18% in First Community Corporation (NASDAQ:FCCO).

The New Wellington Management Group Llp Holding in First Community Corp

Wellington Management Group Llp reported SC 13G/A form with the SEC for First Community Corp . Access it here: 000090221918000290. As reported by Wellington Management Group Llp, the filler owns 6.39% or 428,355 shares of the Finance–company.

First Community Corp stake is new for [reportingPerson]. Date of activity: December 29, 2017. This shows Wellington Management Group Llp’s positive view for First Community Corp . For a institutional investor managing $826.00 billion in assets and having 1540+ experts this is interesting position.

First Community Corp Institutional Sentiment

Filings show 19 investors own First Community Corp . The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 57536. 2740701 were owned by these investors. 1 funds opened new First Community Corp stakes, 7 increased positions. There were 1 that closed positions and 2 reduced them.

Jbf Capital Inc is an investor bullish on First Community Corp , owning 19301 shares as of Q3 2015 for 0.03% of its portfolio. Asset Advisors Corp owns 47799 shares or 0.15% of its portfolio. NY Maltese Capital Management Llc have 0.63% of its portfolio for 457300 shares. Further, Mendon Capital Advisors Corp reported stake worth 0.59% of its portfolio. The VA Fj Capital Management Llc owns 324000 shares. First Community Corp is 0.88% of its portfolio.

Business Profile

First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas. The Bank offers a range of traditional banking products and services for professionals and small-to medium-sized businesses, including consumer and commercial, mortgage, brokerage and investment, and insurance services. The Bank also offers online banking to its customers. Its other services include Internet banking, cash management services, safe deposit boxes, traveler checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts. The Bank offers non-deposit investment products and other investment brokerage services through a registered representative with an affiliation through LPL Financial.

SEC Form 13G.

Wellington Management Group Llp website.

It closed at $21.65 lastly. It is down 43.56% since February 9, 2017 and is uptrending. It has outperformed by 26.86% the S&P500.

First Community Corporation operates as the bank holding firm for First Community Bank which offers various commercial and retail banking services and products to small-to-medium sized businesses, professional concerns, and individuals. The company has market cap of $164.28 million. The firm operates through four divisions: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate. It has a 26.08 P/E ratio. The Company’s deposit products include demand deposit accounts, checking accounts, NOW accounts, and savings accounts, as well as other time deposits, such as daily money market accounts and longer-term certificates of deposits.

First Community Corporation (NASDAQ:FCCO) Ratings Coverage

Among 2 analysts covering First Community (NASDAQ:FCCO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. First Community has $21 highest and $20 lowest target. $21’s average target is -3.00% below currents $21.65 stock price. First Community had 3 analyst reports since January 7, 2016 according to SRatingsIntel. Hovde Group initiated it with “Market Perform” rating and $20 target in Wednesday, December 14 report. The firm has “Outperform” rating by Hovde Group given on Thursday, January 19. The firm earned “Mkt Perform” rating on Thursday, January 7 by Raymond James.

More important recent First Community Corporation (NASDAQ:FCCO) news were published by: Prnewswire.com which released: “First Community Corporation Announces Earnings and Increased Cash Dividend” on January 17, 2018, also Prnewswire.com published article titled: “Cornerstone Bancorp Shareholders Approve Merger with First Community Corporation”, Nasdaq.com published: “First Community Corporation (FCCO) Ex-Dividend Date Scheduled for January 31, 2018” on January 30, 2018. More interesting news about First Community Corporation (NASDAQ:FCCO) was released by: Prnewswire.com and their article: “First Community Corporation Completes Acquisition of Cornerstone Bancorp” with publication date: October 23, 2017.

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