Key Points
- President Gary Mills sold 3,500 FCBC shares at an average price of $47.67, generating $166,845 and reducing his ownership by 37.64% to 5,798 shares.
- First Community Bancshares reported quarterly EPS of $0.76, beating estimates by $0.02, while revenue reached $92.09 million. Analysts project full-year EPS of $3.04.
- The company raised its quarterly dividend from $0.31 to $0.33 per share, equating to a $1.32 annualized payout and a 2.8% yield; analysts’ average rating remains “Hold.”
First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report) President Gary Mills sold 3,500 shares of the firm's stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $47.67, for a total value of $166,845.00. Following the transaction, the president owned 5,798 shares in the company, valued at $276,390.66. The trade was a 37.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
First Community Bancshares Trading Down 0.0%
Shares of FCBC stock opened at $47.63 on Friday. First Community Bancshares, Inc. has a twelve month low of $31.21 and a twelve month high of $49.35. The stock has a market capitalization of $898.78 million, a price-to-earnings ratio of 15.03 and a beta of 0.48. The stock has a fifty day simple moving average of $44.36 and a two-hundred day simple moving average of $41.62.
First Community Bancshares (NASDAQ:FCBC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The bank reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $92.09 million for the quarter, compared to analyst estimates of $51.20 million. First Community Bancshares had a return on equity of 10.82% and a net margin of 28.84%. Research analysts predict that First Community Bancshares, Inc. will post 3.04 EPS for the current fiscal year.
First Community Bancshares Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, August 7th. This is a positive change from First Community Bancshares's previous quarterly dividend of $0.31. First Community Bancshares's dividend payout ratio (DPR) is currently 39.12%.
Institutional Investors Weigh In On First Community Bancshares
A number of institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its position in First Community Bancshares by 1.2% during the 4th quarter. Hsbc Holdings PLC now owns 35,959 shares of the bank's stock valued at $1,205,000 after buying an additional 418 shares in the last quarter. Mariner LLC raised its stake in First Community Bancshares by 2.3% in the fourth quarter. Mariner LLC now owns 19,291 shares of the bank's stock valued at $651,000 after buying an additional 437 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in First Community Bancshares by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank's stock worth $382,000 after acquiring an additional 474 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in First Community Bancshares by 10.5% in the second quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank's stock worth $206,000 after acquiring an additional 499 shares in the last quarter. Finally, Aquatic Capital Management LLC grew its stake in shares of First Community Bancshares by 78.0% during the third quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank's stock worth $40,000 after acquiring an additional 501 shares during the last quarter. Institutional investors own 34.95% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Weiss Ratings restated a "buy (b-)" rating on shares of First Community Bancshares in a report on Thursday, June 18th. Raymond James Financial began coverage on shares of First Community Bancshares in a research note on Tuesday, June 30th. They set a "market perform" rating on the stock. Finally, Zacks Research raised shares of First Community Bancshares to a "hold" rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold".
View Our Latest Stock Analysis on FCBC
First Community Bancshares Company Profile
(
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.
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