Cary Street Partners Financial LLC Invests $293,000 in First Community Bankshares, Inc. (NASDAQ:FCBC)

Cary Street Partners Financial LLC bought a new stake in First Community Bankshares, Inc. (NASDAQ:FCBC) during the fourth quarter, Holdings Channel.com reports. The fund bought 7,041 shares of the bank’s stock, valued at approximately $293,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its position in shares of First Community Bankshares by 219.6% in the 3rd quarter. Barclays PLC now owns 29,709 shares of the bank’s stock valued at $1,282,000 after acquiring an additional 20,412 shares during the period. JPMorgan Chase & Co. lifted its position in shares of First Community Bankshares by 67.2% in the third quarter. JPMorgan Chase & Co. now owns 31,133 shares of the bank’s stock worth $1,343,000 after purchasing an additional 12,514 shares in the last quarter. SG Americas Securities LLC raised its position in First Community Bankshares by 18.3% during the fourth quarter. SG Americas Securities LLC now owns 7,185 shares of the bank’s stock worth $299,000 after acquiring an additional 1,109 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of First Community Bankshares by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank’s stock worth $5,734,000 after purchasing an additional 918 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in First Community Bankshares by 14.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,207 shares of the bank’s stock worth $883,000 after purchasing an additional 2,621 shares during the period. 34.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded First Community Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd.

First Community Bankshares Trading Down 2.1 %

First Community Bankshares stock opened at $38.49 on Friday. The firm’s fifty day moving average price is $38.21 and its two-hundred day moving average price is $41.46. The firm has a market capitalization of $703.56 million, a price-to-earnings ratio of 13.55 and a beta of 0.58. First Community Bankshares, Inc. has a 1-year low of $32.63 and a 1-year high of $49.02.

First Community Bankshares (NASDAQ:FCBC) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). First Community Bankshares had a return on equity of 10.35% and a net margin of 27.81%. The company had revenue of $40.53 million during the quarter, compared to the consensus estimate of $40.50 million.

First Community Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, May 9th. First Community Bankshares’s dividend payout ratio is currently 44.77%.

First Community Bankshares Profile

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans; and commercial, consumer real estate, and consumer and other loans.