First Community Bancshares (NASDAQ:FCBC) Hits New 1-Year High – Here’s Why

First Community Bancshares, Inc. (NASDAQ:FCBC – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $45.78 and last traded at $45.1720, with a volume of 382674 shares traded. The stock had previously closed at $44.32.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of First Community Bancshares in a research report on Thursday, June 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, First Community Bancshares has an average rating of “Buy”.

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First Community Bancshares Trading Up 1.9%

The stock has a market cap of $852.40 million, a P/E ratio of 17.05 and a beta of 0.48. The company’s fifty day simple moving average is $42.98 and its 200-day simple moving average is $39.63.

First Community Bancshares (NASDAQ:FCBC – Get Free Report) last issued its earnings results on Tuesday, April 28th. The bank reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $78.05 million for the quarter, compared to analyst estimates of $44.20 million. First Community Bancshares had a net margin of 25.89% and a return on equity of 10.44%.

First Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 15th. First Community Bancshares’s payout ratio is presently 46.79%.

Hedge Funds Weigh In On First Community Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC grew its position in First Community Bancshares by 1.2% in the fourth quarter. Hsbc Holdings PLC now owns 35,959 shares of the bank’s stock valued at $1,205,000 after acquiring an additional 418 shares during the period. Mariner LLC increased its position in shares of First Community Bancshares by 2.3% during the 4th quarter. Mariner LLC now owns 19,291 shares of the bank’s stock worth $651,000 after purchasing an additional 437 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in First Community Bancshares by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after purchasing an additional 474 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in First Community Bancshares by 10.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank’s stock valued at $206,000 after purchasing an additional 499 shares during the last quarter. Finally, Aquatic Capital Management LLC boosted its position in First Community Bancshares by 78.0% in the third quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock valued at $40,000 after buying an additional 501 shares in the last quarter. Institutional investors own 34.95% of the company’s stock.

About First Community Bancshares

(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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