BlackRock Discloses Passive Stake in First Community Corp
Ticker: FCCO · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 932781
| Field | Detail |
|---|---|
| Company | First Community CORP /Sc/ (FCCO) |
| Form Type | SC 13G |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock just revealed a passive stake in First Community Corp, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, has disclosed its ownership of Common Stock in FIRST COMMUNITY CORP /SC/ as of December 31, 2023. This filing, an SC 13G, indicates that BlackRock holds a significant, but passive, stake in the regional bank. For investors, this means a large institutional investor sees value in First Community Corp, potentially signaling stability or future growth, but BlackRock isn't looking to actively change the company's management or strategy.
Why It Matters
This filing shows a major institutional investor, BlackRock, has a significant, passive stake in FIRST COMMUNITY CORP /SC/, which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces risk by providing stability rather than introducing activist uncertainty.
Analyst Insight
A smart investor would note BlackRock's passive stake as a sign of institutional confidence in FIRST COMMUNITY CORP /SC/, but recognize this doesn't imply active management changes or an imminent acquisition. It's a data point for long-term stability rather than short-term catalysts.
Key Numbers
- 319835104 — CUSIP Number (identifies the Common Stock of FIRST COMMUNITY CORP /SC/)
- 005-86540 — SEC File Number (identifies the SEC registration for FIRST COMMUNITY CORP /SC/)
- 20240131 — Filed As Of Date (the date the SC 13G was officially filed)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person, a major investment firm
- FIRST COMMUNITY CORP /SC/ (company) — the subject company, a state commercial bank
- December 31, 2023 (date) — the date of the event requiring the filing
- Delaware (company) — state of incorporation for BlackRock Inc.
- Lexington, SC (company) — business address city and state for FIRST COMMUNITY CORP /SC/
Forward-Looking Statements
- BlackRock will maintain its passive stake in FIRST COMMUNITY CORP /SC/ for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-12-31
- FIRST COMMUNITY CORP /SC/ stock price will experience minor positive sentiment due to institutional backing. (FIRST COMMUNITY CORP /SC/) — medium confidence, target: 2024-04-30
FAQ
What type of filing is this document?
This document is an SC 13G, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, indicating a passive beneficial ownership of securities.
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock Inc., a company incorporated in Delaware with its business address at 50 Hudson Yards, New York, NY 10001.
What is the subject company of this filing?
The subject company is FIRST COMMUNITY CORP /SC/, a state commercial bank with its business address at 5455 Sunset Blvd, Lexington, SC 29072.
What class of securities is BlackRock Inc. reporting ownership of?
BlackRock Inc. is reporting ownership of 'Common Stock' of FIRST COMMUNITY CORP /SC/, identified by CUSIP Number 319835104.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 regarding FIRST COMMUNITY CORP /SC/ (FCCO).