Equity Analysis /
United States of America

US : First Community Corporation - FCCO | Maintain Outperform, Target Price to $20; Results Beat as Core/Credit Trends Remain Positive

    CGS-CIMB
    20 January 2021
    Published byCGS-CIMB

    We are maintaining ourOutperformrating, and raising our target price to $20 from $16 on First Community (FCCO) shares following 4Q20 results that beat expectations on both a reported and PTPP basis. Notably, while the company posted no net loan growth in the quarter on a reported basis, backing out