SCHEDULE 13G/A: Fourthstone Entities Disclose 4.27% Passive Stake in First Community Corporation

Fourthstone LLC and its affiliated entities have filed an amended Schedule 13G, reporting a combined beneficial ownership of 4.27% of First Community Corporation's common stock as of December 31, 2024, held for investment purposes.

Summary

• Fourthstone LLC, along with its affiliated entities (Fourthstone Master Opportunity Fund Ltd, Fourthstone GP LLC, Fourthstone QP Opportunity Fund LP, Fourthstone Small-Cap Financials Fund LP, and L. Phillip Stone, IV), filed an Amendment No. 3 to Schedule 13G.
• The filing discloses their beneficial ownership in First Community Corporation's Common Stock as of December 31, 2024.
• Fourthstone LLC and L. Phillip Stone, IV, are reported as beneficially owning 326,393 shares, representing 4.27% of the class.
• This percentage is based on 7,640,648 shares of Common Stock outstanding as of November 12, 2024, as reported in First Community Corporation's Form 10-Q.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the Issuer.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing (Schedule 13G) disclosing beneficial ownership. It contains no positive or negative performance information, forward-looking statements, or strategic insights that would influence sentiment beyond a neutral disclosure of an investment stake.

Future Outlook

NA

Industry Context

This filing indicates a passive investment by Fourthstone, an investment adviser specializing in financial services, in First Community Corporation, a community bank. Such filings are routine disclosures of significant ownership stakes by institutional investors in publicly traded companies within the financial sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive ownership stake by an investment firm, which may be viewed as a vote of confidence by some investors.

Key Dates

Recommendation

Keywords

First Community Corporation, Fourthstone LLC, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Passive Investment, Financial Services, Bank Stock