BB&T Corp raised its position in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 42.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,062 shares of the bank’s stock after buying an additional 5,113 shares during the period. BB&T Corp owned 0.10% of First Community Bancshares worth $467,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in First Community Bancshares by 5.3% in the fourth quarter. State Street Corp now owns 325,268 shares of the bank’s stock valued at $9,800,000 after buying an additional 16,304 shares during the period. Dimensional Fund Advisors LP increased its position in First Community Bancshares by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 932,929 shares of the bank’s stock valued at $28,119,000 after buying an additional 34,504 shares during the period. UBS Asset Management Americas Inc. purchased a new position in First Community Bancshares during the fourth quarter valued at about $235,000. Teachers Advisors LLC increased its position in First Community Bancshares by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 32,074 shares of the bank’s stock valued at $967,000 after buying an additional 1,037 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. increased its position in First Community Bancshares by 17.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 80,266 shares of the bank’s stock valued at $2,004,000 after buying an additional 11,939 shares during the period. 46.01% of the stock is owned by institutional investors and hedge funds.
First Community Bancshares, Inc. (NASDAQ:FCBC) traded up 2.36% during mid-day trading on Friday, reaching $25.16. The company had a trading volume of 12,795 shares. The firm has a market capitalization of $428.15 million, a P/E ratio of 16.87 and a beta of 0.71. The stock’s 50-day moving average is $27.08 and its 200 day moving average is $26.44. First Community Bancshares, Inc. has a 12 month low of $20.47 and a 12 month high of $31.94.
First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. First Community Bancshares had a return on equity of 7.38% and a net margin of 21.56%. The business had revenue of $27.77 million during the quarter. On average, analysts predict that First Community Bancshares, Inc. will post $1.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.93%. This is an increase from First Community Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, August 2nd. First Community Bancshares’s dividend payout ratio is currently 48.32%.
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Several research analysts have recently issued reports on FCBC shares. BidaskClub downgraded First Community Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of First Community Bancshares in a research note on Sunday, July 30th.
In related news, President Gary R. Mills bought 1,000 shares of First Community Bancshares stock in a transaction dated Friday, July 28th. The stock was acquired at an average cost of $27.38 per share, with a total value of $27,380.00. Following the completion of the acquisition, the president now directly owns 16,533 shares in the company, valued at approximately $452,673.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.33% of the company’s stock.
First Community Bancshares Company Profile
First Community Bancshares, Inc is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Bank operates as First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a Division of First Community Bank, in Tennessee.
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