First Community Bancshares, Inc. (NASDAQ:FCBC – Get Free Report) SVP Sarah Harmon sold 4,329 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $49.21, for a total value of $213,030.09. Following the transaction, the senior vice president directly owned 8,141 shares of the company’s stock, valued at approximately $400,618.61. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
First Community Bancshares Trading Up 0.7%
Shares of FCBC traded up $0.36 during mid-day trading on Monday, hitting $49.55. The company’s stock had a trading volume of 82,227 shares, compared to its average volume of 82,209. The firm has a 50-day simple moving average of $46.18 and a 200 day simple moving average of $43.22. The firm has a market capitalization of $936.99 million, a P/E ratio of 15.63 and a beta of 0.48. First Community Bancshares, Inc. has a 1-year low of $31.21 and a 1-year high of $50.17.
First Community Bancshares (NASDAQ:FCBC – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $81.71 million for the quarter, compared to analyst estimates of $51.20 million. First Community Bancshares had a return on equity of 10.67% and a net margin of 28.84%. As a group, sell-side analysts predict that First Community Bancshares, Inc. will post 3.04 EPS for the current fiscal year.
First Community Bancshares Increases Dividend
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on FCBC shares. Weiss Ratings upgraded shares of First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Raymond James Financial began coverage on shares of First Community Bancshares in a research report on Tuesday, June 30th. They issued a “market perform” rating on the stock. Finally, Zacks Research upgraded First Community Bancshares to a “hold” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
View Our Latest Research Report on FCBC
Hedge Funds Weigh In On First Community Bancshares
A number of institutional investors have recently modified their holdings of FCBC. Global Retirement Partners LLC purchased a new position in shares of First Community Bancshares during the second quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new position in First Community Bancshares in the 3rd quarter valued at $26,000. Aquatic Capital Management LLC lifted its stake in shares of First Community Bancshares by 78.0% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock worth $40,000 after purchasing an additional 501 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of First Community Bancshares by 1,717.1% during the third quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock worth $48,000 after purchasing an additional 1,305 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of First Community Bancshares by 56.0% during the second 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 last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.
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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