First Community Bankshares, Inc. (NASDAQ:FCBC) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 947,825 shares of the bank's stock after selling 6,725 shares during the period. Dimensional Fund Advisors LP owned approximately 5.18% of First Community Bankshares worth $39,468,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atala Financial Inc purchased a new position in First Community Bankshares in the 4th quarter valued at $59,000. KLP Kapitalforvaltning AS purchased a new stake in shares of First Community Bankshares in the fourth quarter valued at about $137,000. Signaturefd LLC increased its stake in shares of First Community Bankshares by 62.3% during the fourth quarter. Signaturefd LLC now owns 3,509 shares of the bank's stock worth $146,000 after acquiring an additional 1,347 shares during the period. SG Americas Securities LLC raised its holdings in First Community Bankshares by 18.3% during the fourth quarter. SG Americas Securities LLC now owns 7,185 shares of the bank's stock worth $299,000 after purchasing an additional 1,109 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in First Community Bankshares in the fourth quarter valued at about $351,000. Institutional investors and hedge funds own 34.95% of the company's stock.

First Community Bankshares Stock Performance

First Community Bankshares stock traded down $0.84 during midday trading on Friday, reaching $38.49. The company's stock had a trading volume of 23,372 shares, compared to its average volume of 36,816. First Community Bankshares, Inc. has a fifty-two week low of $32.63 and a fifty-two week high of $49.02. The firm has a market capitalization of $703.56 million, a PE ratio of 13.55 and a beta of 0.58. The stock's 50 day simple moving average is $38.21 and its 200 day simple moving average is $41.46.

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

First Community Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.22%. The ex-dividend date is Friday, May 9th. First Community Bankshares's payout ratio is currently 44.77%.

Analyst Upgrades and Downgrades

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

About First Community Bankshares

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.