First Community Bancshares (NASDAQ:FCBC – Get Free Report) issued its quarterly earnings data on Tuesday. The bank reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01, FiscalAI reports. The firm had revenue of $48.51 million for the quarter, compared to analysts’ expectations of $47.19 million.
First Community Bancshares Price Performance
Shares of FCBC stock opened at $47.44 on Wednesday. The company’s 50-day moving average price is $48.08 and its 200-day moving average price is $43.58. First Community Bancshares has a twelve month low of $31.21 and a twelve month high of $50.17.
First Community Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, November 13th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%.
Insider Buying and Selling at First Community Bancshares
In other First Community Bancshares news, President Gary Mills sold 3,500 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $47.67, for a total transaction of $166,845.00. Following the sale, the president owned 5,798 shares in the company, valued at $276,390.66. This represents a 37.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Sarah W. Harmon sold 4,329 shares of the company’s stock in a transaction dated 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 represents a 34.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.66% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
FCBC has been the subject of several recent analyst reports. Zacks Research raised shares of First Community Bancshares to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings raised First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Finally, Raymond James Financial started coverage on shares of First Community Bancshares in a research note on Tuesday, June 30th. 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 company. Based on data from MarketBeat, the stock has an average rating of “Hold”.
Check Out Our Latest Report on FCBC
First Community Bancshares Company Profile
First Community Bancshares, Inc is a bank holding company headquartered in Bluefield, Virginia. Its principal subsidiary, First Community Bank, provides community banking services to individuals, families, businesses and organizations.
The bank offers a range of deposit products, including checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential mortgages, home equity loans, consumer loans, commercial and industrial financing, commercial real estate loans and other credit products for businesses and communities.
First Community Bank also provides services such as online and mobile banking, treasury management, investment and wealth management services, and other financial solutions.
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