First Community Bancshares, Inc. (NASDAQ:FCBC – Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $50.00 and last traded at $49.2650, with a volume of 5291 shares traded. The stock had previously closed at $49.01.
Analysts Set New Price Targets
Several research firms have recently issued reports on FCBC. Raymond James Financial started coverage on First Community Bancshares in a research report on Tuesday, June 30th. They issued a “market perform” rating on the stock. Zacks Research raised First Community Bancshares to a “hold” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, First Community Bancshares has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on FCBC
First Community Bancshares Stock Performance
First Community Bancshares (NASDAQ:FCBC – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 28.84% and a return on equity of 10.67%. Research analysts anticipate that First Community Bancshares, Inc. will post 3.04 EPS for the current year.
First Community Bancshares Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, August 7th. This is a positive change from First Community Bancshares’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. First Community Bancshares’s dividend payout ratio (DPR) is currently 41.64%.
Insider Transactions at First Community Bancshares
In other news, President Gary R. Mills sold 3,500 shares of the business’s stock in a transaction dated 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 sale, the president owned 5,798 shares of the company’s stock, valued at approximately $276,390.66. The trade was a 37.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.66% of the stock is owned by company insiders.
Institutional Trading of First Community Bancshares
Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC raised its position in shares of First Community Bancshares by 1.2% in the 4th quarter. Hsbc Holdings PLC now owns 35,959 shares of the bank’s stock valued at $1,205,000 after buying an additional 418 shares in the last quarter. Mariner LLC boosted 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 acquiring an additional 437 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 worth $382,000 after acquiring an additional 474 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of First Community Bancshares by 10.5% in 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 grew 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 acquiring an additional 501 shares during the last quarter. 34.95% of the stock is owned by institutional investors and hedge funds.
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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