Cary Street Partners Financial LLC Makes New Investment in First Community Bankshares, Inc. (NASDAQ:FCBC)

Cary Street Partners Financial LLC acquired a new position in First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,041 shares of the bank's stock, valued at approximately $293,000.

Several other large investors also recently made changes to their positions in the business. Northern Trust Corp grew its holdings in First Community Bankshares by 6.9% during the 4th quarter. Northern Trust Corp now owns 168,347 shares of the bank's stock valued at $7,010,000 after purchasing an additional 10,819 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in First Community Bankshares by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank's stock valued at $5,734,000 after purchasing an additional 918 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in First Community Bankshares by 134.5% during the 4th quarter. JPMorgan Chase & Co. now owns 73,000 shares of the bank's stock valued at $3,040,000 after acquiring an additional 41,867 shares during the last quarter. Barclays PLC boosted its stake in First Community Bankshares by 11.3% during the 4th quarter. Barclays PLC now owns 33,080 shares of the bank's stock valued at $1,378,000 after acquiring an additional 3,371 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in First Community Bankshares by 3.5% during the 4th quarter. Hsbc Holdings PLC now owns 24,287 shares of the bank's stock valued at $1,016,000 after acquiring an additional 814 shares during the last quarter. Institutional investors and hedge funds own 34.95% of the company's stock.

First Community Bankshares Stock Performance

Shares of NASDAQ FCBC traded down $0.05 during midday trading on Wednesday, hitting $39.44. The company's stock had a trading volume of 29,782 shares, compared to its average volume of 36,907. First Community Bankshares, Inc. has a 1-year low of $32.63 and a 1-year high of $49.02. The firm's fifty day moving average price is $38.20 and its 200-day moving average price is $41.42. The firm has a market cap of $720.92 million, a P/E ratio of 13.89 and a beta of 0.58.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%. The business had revenue of $40.53 million during the quarter, compared to analyst estimates of $40.50 million.

First Community Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, May 9th. First Community Bankshares's dividend payout ratio (DPR) is presently 44.77%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of First Community Bankshares from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd.

First Community Bankshares Company Profile

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans; and commercial, consumer real estate, and consumer and other loans.