Vanguard Discloses 5.2% Passive Stake in First Community Corp/SC

TL;DR

**Vanguard just revealed a 5.2% passive stake in First Community Corp/SC, signaling institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, reported on February 13, 2024, that it beneficially owns 405,949 shares of First Community Corp/SC (FCBC) common stock as of December 29, 2023. This represents 5.2% of the company's outstanding shares. This matters to investors because Vanguard is a passive investor, and its significant stake indicates a long-term, institutional belief in the company's value, which can provide a level of stability and confidence in the stock.

Why It Matters

Vanguard's substantial, passive ownership stake signals institutional confidence in First Community Corp/SC, potentially reassuring other investors about the stock's long-term viability.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institutional investor, which generally reduces volatility and risk for the stock.

Analyst Insight

A smart investor would view Vanguard's passive 5.2% stake as a sign of long-term institutional confidence, suggesting stability, but should still conduct their own due diligence on First Community Corp/SC's fundamentals.

Key Numbers

• 405,949 — Aggregate Amount Beneficially Owned (Total shares of First Community Corp/SC common stock owned by The Vanguard Group)
• 5.2% — Percent of Class (The Vanguard Group's ownership percentage of First Community Corp/SC common stock)
• 400,140 — Sole Dispositive Power (Shares The Vanguard Group can sell or dispose of independently)
• 5,809 — Shared Dispositive Power (Shares The Vanguard Group can sell or dispose of jointly with others)
• 3,325 — Shared Voting Power (Shares The Vanguard Group can vote jointly with others)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• First Community Corp/SC (company) — issuer of the securities
• Pennsylvania (company) — place of organization for The Vanguard Group
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — filing date

Forward-Looking Statements

• Vanguard will maintain its passive investment in First Community Corp/SC for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31

FAQ

Filing Documents

• tv0932-firstcommunitycorpsc.htm (SC 13G) — 11KB
• 0001104659-24-020932.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: First Community Corp/SC

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 5455 Sunset Boulevard Lexington, SC 29072-9161

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 319835104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration