Insider Selling: First Community Bancshares (NASDAQ:FCBC) President Sells $166,845.00 in Stock

First Community Bancshares, Inc. (NASDAQ:FCBCGet 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:FCBCGet 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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. This is an increase from First Community Bancshares’s previous quarterly dividend of $0.31. First Community Bancshares’s dividend payout ratio is presently 39.12%.

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

(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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