FMR LLC maintained its stake in First Community Bancshares, Inc. (NASDAQ:FCBC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,100 shares of the bank’s stock at the end of the first quarter. FMR LLC owned approximately 0.15% of First Community Bancshares worth $627,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in FCBC. State Street Corp increased its stake in First Community Bancshares by 5.3% in the fourth quarter. State Street Corp now owns 325,268 shares of the bank’s stock valued at $9,800,000 after buying an additional 16,304 shares during the period. UBS Asset Management Americas Inc. bought a new stake in First Community Bancshares during the fourth quarter valued at approximately $235,000. Teachers Advisors LLC increased its stake in First Community Bancshares by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 32,074 shares of the bank’s stock valued at $967,000 after buying an additional 1,037 shares during the period. Dalton Greiner Hartman Maher & Co. increased its stake in First Community Bancshares by 17.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 80,266 shares of the bank’s stock valued at $2,004,000 after buying an additional 11,939 shares during the period. Finally, Nationwide Fund Advisors increased its stake in First Community Bancshares by 3.5% in the first quarter. Nationwide Fund Advisors now owns 32,943 shares of the bank’s stock valued at $823,000 after buying an additional 1,113 shares during the period. 46.01% of the stock is currently owned by institutional investors and hedge funds.
First Community Bancshares, Inc. (NASDAQ:FCBC) opened at 25.00 on Friday. The company has a market capitalization of $425.42 million, a P/E ratio of 16.77 and a beta of 0.71. First Community Bancshares, Inc. has a one year low of $20.47 and a one year high of $31.94. The stock’s 50 day moving average price is $27.00 and its 200-day moving average price is $26.41.
First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The business had revenue of $27.77 million during the quarter. First Community Bancshares had a return on equity of 7.38% and a net margin of 21.56%. Equities analysts forecast that First Community Bancshares, Inc. will post $1.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Wednesday, August 2nd. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.16. First Community Bancshares’s payout ratio is 48.32%.
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Several equities research analysts have commented on FCBC shares. BidaskClub downgraded First Community Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of First Community Bancshares in a report on Sunday, July 30th.
In related news, President Gary R. Mills acquired 1,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was acquired at an average price of $27.38 per share, with a total value of $27,380.00. Following the acquisition, the president now directly owns 16,533 shares in the company, valued at approximately $452,673.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.33% of the company’s stock.
First Community Bancshares Company Profile
First Community Bancshares, Inc is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Bank operates as First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a Division of First Community Bank, in Tennessee.
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