First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report) insider Derek Bonnett bought 501 shares of the company's stock in a transaction on Friday, January 30th. The stock was bought at an average cost of $34.93 per share, for a total transaction of $17,499.93. Following the completion of the acquisition, the insider directly owned 501 shares of the company's stock, valued at approximately $17,499.93. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
First Community Bancshares Price Performance
Shares of NASDAQ:FCBC opened at $37.84 on Tuesday. The business has a fifty day moving average price of $34.04 and a 200-day moving average price of $34.91. The company has a market capitalization of $693.23 million, a PE ratio of 14.23 and a beta of 0.61. First Community Bancshares, Inc. has a 1-year low of $31.21 and a 1-year high of $45.57.
First Community Bancshares (NASDAQ:FCBC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.77 EPS for the quarter, beating the consensus estimate of $0.67 by $0.10. The company had revenue of $43.79 million for the quarter, compared to the consensus estimate of $43.20 million. First Community Bancshares had a net margin of 26.32% and a return on equity of 10.16%.
First Community Bancshares Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.3%. First Community Bancshares's dividend payout ratio (DPR) is 46.62%.
Hedge Funds Weigh In On First Community Bancshares
Hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in shares of First Community Bancshares in the 3rd quarter worth $25,000. Advisory Services Network LLC bought a new position in First Community Bancshares in the third quarter valued at about $26,000. Financial Consulate Inc. purchased a new position in First Community Bancshares in the fourth quarter worth about $34,000. City Holding Co. grew its stake in shares of First Community Bancshares by 98.5% during the 3rd quarter. City Holding Co. now owns 1,042 shares of the bank's stock valued at $36,000 after purchasing an additional 517 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of First Community Bancshares during the 3rd quarter valued at about $37,000. 34.95% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on FCBC shares. Wall Street Zen upgraded First Community Bancshares from a "sell" rating to a "hold" rating in a research note on Saturday, November 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of First Community Bancshares in a research report on Wednesday, January 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".
View Our Latest Stock Analysis on First Community Bancshares
About First Community Bancshares
(
Get Free Report)
First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.
The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
