First Community Bancshares, Inc. (NASDAQ:FCBC – Get Free Report) President Gary Mills sold 3,500 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.67, for a total value of $166,845.00. Following the completion of the sale, the president owned 5,798 shares of the company’s stock, valued at approximately $276,390.66. This trade represents a 37.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
First Community Bancshares Stock Up 0.2%
Shares of FCBC stock opened at $47.72 on Friday. The stock has a 50-day simple moving average of $44.47 and a 200 day simple moving average of $41.66. The stock has a market capitalization of $900.48 million, a P/E ratio of 15.05 and a beta of 0.48. First Community Bancshares, Inc. has a fifty-two week low of $31.21 and a fifty-two week high of $49.35.
First Community Bancshares (NASDAQ:FCBC – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.82%. The firm had revenue of $92.09 million for the quarter, compared to analysts’ expectations of $51.20 million. On average, sell-side analysts anticipate that First Community Bancshares, Inc. will post 3.04 earnings per share for the current year.
First Community Bancshares Increases Dividend
Institutional Trading of First Community Bancshares
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in shares of First Community Bancshares in the third quarter worth about $26,000. Financial Consulate Inc. acquired a new stake in shares of First Community Bancshares during the fourth quarter valued at approximately $34,000. Aquatic Capital Management LLC lifted its position in shares of First Community Bancshares by 78.0% in the 3rd quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock valued at $40,000 after acquiring an additional 501 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of First Community Bancshares by 1,717.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,305 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in First Community Bancshares by 56.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock worth $63,000 after purchasing an additional 577 shares during the period. Institutional investors and hedge funds own 34.95% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on FCBC. Raymond James Financial initiated coverage on shares of First Community Bancshares in a research note on Tuesday, June 30th. They set a “market perform” rating for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Community Bancshares in a report on Thursday, June 18th. Finally, Zacks Research raised First Community Bancshares to a “hold” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.
Read Our Latest Report on First Community Bancshares
First Community Bancshares Company Profile
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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