First Community Bancshares (NASDAQ:FCBC) Hits New 1-Year High – What’s Next?

First Community Bancshares, Inc. (NASDAQ:FCBCGet Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $45.84 and last traded at $44.9540, with a volume of 4486 shares changing hands. The stock had previously closed at $45.64.

Analysts Set New Price Targets

A number of brokerages have commented on FCBC. Weiss Ratings restated a “buy (b-)” rating on shares of First Community Bancshares in a research note on Thursday, June 18th. Raymond James Financial assumed coverage on First Community Bancshares in a research report on Tuesday. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Get Our Latest Report on First Community Bancshares

First Community Bancshares Trading Down 1.1%

The firm’s 50-day simple moving average is $43.10 and its 200 day simple moving average is $39.91. The stock has a market cap of $851.69 million, a P/E ratio of 17.02 and a beta of 0.48.

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

First Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders 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 dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 15th. First Community Bancshares’s dividend payout ratio (DPR) is 46.79%.

Hedge Funds Weigh In On First Community Bancshares

Several large investors have recently bought and sold shares of FCBC. Bank of America Corp DE raised its position in shares of First Community Bancshares by 81.5% during the 1st quarter. Bank of America Corp DE now owns 38,645 shares of the bank’s stock worth $1,605,000 after buying an additional 17,355 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in First Community Bancshares in the first quarter worth approximately $203,000. Quantinno Capital Management LP boosted its stake in First Community Bancshares by 60.8% during the 1st quarter. Quantinno Capital Management LP now owns 26,968 shares of the bank’s stock valued at $1,120,000 after purchasing an additional 10,195 shares in the last quarter. Renaissance Technologies LLC boosted its stake in First Community Bancshares by 81.0% during the 1st quarter. Renaissance Technologies LLC now owns 55,188 shares of the bank’s stock valued at $2,291,000 after purchasing an additional 24,694 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of First Community Bancshares by 119.7% during the 1st quarter. Sei Investments Co. now owns 20,373 shares of the bank’s stock valued at $846,000 after purchasing an additional 11,100 shares during the period. Institutional investors and hedge funds 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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