First Community Bancshares (NASDAQ:FCBC – Get Free Report) was upgraded by Zacks Research to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.
Other equities research analysts have also recently issued research reports about the company. Weiss Ratings restated a “buy (b-)” rating on shares of First Community Bancshares in a report on Thursday, June 18th. Raymond James Financial initiated coverage on First Community Bancshares in a research report on Tuesday. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on First Community Bancshares
First Community Bancshares Trading Down 1.1%
First Community Bancshares (NASDAQ:FCBC – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $78.05 million during the quarter, compared to the consensus estimate of $44.20 million. First Community Bancshares had a net margin of 25.89% and a return on equity of 10.44%. On average, equities research analysts forecast that First Community Bancshares will post 2.95 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its position in First Community Bancshares by 87.3% during the first quarter. AQR Capital Management LLC now owns 18,145 shares of the bank’s stock valued at $684,000 after acquiring an additional 8,457 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of First Community Bancshares by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock worth $382,000 after purchasing an additional 474 shares during the period. Jane Street Group LLC purchased a new stake in shares of First Community Bancshares during the 1st quarter worth about $976,000. Legal & General Group Plc increased its position in First Community Bancshares by 17.4% during the 2nd 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 in the last quarter. Finally, American Century Companies Inc. increased its position in First Community Bancshares by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 41,198 shares of the bank’s stock worth $1,614,000 after purchasing an additional 2,582 shares in the last quarter. 34.95% of the stock is owned by hedge funds and other institutional investors.
About First Community Bancshares
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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