First Community Bancshares’ (FCBC) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of First Community Bancshares (NASDAQ:FCBC) in a research note published on Friday,Weiss Ratings reports.

First Community Bancshares Stock Performance

Shares of FCBC opened at $32.34 on Friday. The company has a 50 day moving average price of $35.29 and a 200-day moving average price of $37.32. First Community Bancshares has a fifty-two week low of $31.74 and a fifty-two week high of $49.02. The stock has a market capitalization of $592.31 million, a PE ratio of 12.02 and a beta of 0.64.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, October 28th. The bank reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. First Community Bancshares had a net margin of 26.76% and a return on equity of 9.83%. The firm had revenue of $42.19 million during the quarter, compared to analysts’ expectations of $40.40 million.

First Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.24 dividend on an annualized basis and a yield of 3.8%. First Community Bancshares’s dividend payout ratio is presently 46.10%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FCBC. State of Alaska Department of Revenue acquired a new position in First Community Bancshares during the 3rd quarter valued at approximately $25,000. City Holding Co. boosted its holdings in First Community Bancshares by 98.5% during the third quarter. City Holding Co. now owns 1,042 shares of the bank’s stock worth $36,000 after buying an additional 517 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in First Community Bancshares during the third quarter worth $37,000. AlphaQuest LLC purchased a new stake in First Community Bancshares during the second quarter worth $49,000. Finally, BNP Paribas Financial Markets lifted its holdings in First Community Bancshares by 56.0% during the second quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock valued at $63,000 after purchasing an additional 577 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.

First Community Bancshares Company 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.