First Community Bancshares, Inc. $FCBC Stake Lessened by American Century Companies Inc.

American Century Companies Inc. cut its stake in First Community Bancshares, Inc. (NASDAQ:FCBC - Free Report) by 26.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,616 shares of the bank's stock after selling 13,599 shares during the period. American Century Companies Inc. owned approximately 0.21% of First Community Bancshares worth $1,455,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FCBC. Tower Research Capital LLC TRC boosted its position in shares of First Community Bancshares by 84.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank's stock worth $26,000 after acquiring an additional 284 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of First Community Bancshares by 224.8% in the first quarter. Nisa Investment Advisors LLC now owns 5,924 shares of the bank's stock worth $223,000 after acquiring an additional 4,100 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of First Community Bancshares in the first quarter worth approximately $242,000. Citadel Advisors LLC acquired a new position in First Community Bancshares during the fourth quarter valued at approximately $257,000. Finally, Cary Street Partners Financial LLC acquired a new position in First Community Bancshares during the fourth quarter valued at approximately $293,000. 34.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of First Community Bancshares from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

First Community Bancshares Stock Down 1.4%

Shares of FCBC traded down $0.52 during mid-day trading on Friday, reaching $37.56. 55,885 shares of the stock traded hands, compared to its average volume of 36,583. The firm has a market cap of $688.10 million, a price-to-earnings ratio of 13.76 and a beta of 0.68. The stock has a fifty day simple moving average of $38.39 and a 200 day simple moving average of $38.44. First Community Bancshares, Inc. has a 12-month low of $32.81 and a 12-month high of $49.02.

First Community Bancshares (NASDAQ:FCBC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The company had revenue of $41.00 million for the quarter, compared to analyst estimates of $40.60 million. First Community Bancshares had a net margin of 27.07% and a return on equity of 9.68%.

First Community Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.3%. First Community Bancshares's dividend payout ratio (DPR) is currently 45.42%.

About First Community Bancshares

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.