First Community Bancshares, Inc. (NASDAQ:FCBC – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $50.17 and last traded at $49.9950, with a volume of 28683 shares traded. The stock had previously closed at $49.19.
Analyst Ratings Changes
A number of research firms have commented on FCBC. Zacks Research upgraded shares of First Community Bancshares to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings raised shares of First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Raymond James Financial began coverage on shares of First Community Bancshares in a research note on Tuesday, June 30th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on FCBC
First Community Bancshares Price Performance
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. The company had revenue of $81.71 million during the quarter, compared to analysts’ expectations of $51.20 million. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.67%. On average, sell-side analysts expect that First Community Bancshares, Inc. will post 3.04 EPS for the current fiscal year.
First Community Bancshares Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.7%. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, August 7th. First Community Bancshares’s dividend payout ratio (DPR) is 41.64%.
Insider Buying and Selling at First Community Bancshares
In other news, President Gary R. Mills sold 3,500 shares of the business’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 transaction, the president owned 5,798 shares of the company’s stock, valued at $276,390.66. The trade was a 37.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.66% of the stock is currently owned by corporate insiders.
Institutional Trading of First Community Bancshares
Hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its stake in shares of First Community Bancshares by 1.2% during the 4th quarter. Hsbc Holdings PLC now owns 35,959 shares of the bank’s stock worth $1,205,000 after buying an additional 418 shares during the last quarter. Mariner LLC increased its position in shares of First Community Bancshares by 2.3% in the fourth quarter. Mariner LLC now owns 19,291 shares of the bank’s stock valued at $651,000 after acquiring an additional 437 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of First Community Bancshares by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after acquiring an additional 474 shares during the last quarter. Osaic Holdings Inc. raised its holdings in First Community Bancshares by 10.5% during the second quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank’s stock worth $206,000 after acquiring an additional 499 shares in the last quarter. Finally, Aquatic Capital Management LLC raised its holdings in First Community Bancshares by 78.0% during the third quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock worth $40,000 after acquiring an additional 501 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.
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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