First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report) SVP Sarah Harmon sold 4,329 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $49.21, for a total value of $213,030.09. Following the sale, the senior vice president owned 8,141 shares of the company's stock, valued at approximately $400,618.61. The trade was a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
First Community Bancshares Stock Up 0.7%
Shares of FCBC opened at $49.55 on Tuesday. The stock's fifty day simple moving average is $46.32 and its 200-day simple moving average is $43.29. The firm has a market capitalization of $936.99 million, a PE ratio of 15.63 and a beta of 0.48. First Community Bancshares, Inc. has a 12-month low of $31.21 and a 12-month high of $50.17.
First Community Bancshares (NASDAQ:FCBC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. The firm had revenue of $81.71 million during the quarter, compared to analyst estimates of $51.20 million. First Community Bancshares had a return on equity of 10.67% and a net margin of 28.84%. Analysts anticipate that First Community Bancshares, Inc. will post 3.04 EPS for the current year.
First Community Bancshares Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.33 per share. The ex-dividend date was Friday, August 7th. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. This is a positive change from First Community Bancshares's previous quarterly dividend of $0.31. First Community Bancshares's dividend payout ratio is presently 41.64%.
Hedge Funds Weigh In On First Community Bancshares
Several institutional investors and hedge funds have recently made changes to their positions in FCBC. AQR Capital Management LLC raised its stake in First Community Bancshares by 87.3% during the 1st quarter. AQR Capital Management LLC now owns 18,145 shares of the bank's stock worth $684,000 after buying an additional 8,457 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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. Jane Street Group LLC bought a new stake in shares of First Community Bancshares in the first quarter worth about $976,000. Legal & General Group Plc raised its position in shares of First Community Bancshares by 17.4% during the second quarter. Legal & General Group Plc now owns 16,659 shares of the bank's stock worth $653,000 after purchasing an additional 2,468 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of First Community Bancshares by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 41,198 shares of the bank's stock valued at $1,614,000 after purchasing an additional 2,582 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on FCBC shares. Raymond James Financial assumed coverage on shares of First Community Bancshares in a report on Tuesday, June 30th. They issued a "market perform" rating on the stock. Zacks Research upgraded shares of First Community Bancshares to a "hold" rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings upgraded First Community Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold".
Check Out Our Latest Report on FCBC
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.
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