Concurrent Investment Advisors LLC Takes Position in First Community Bancshares, Inc. (NASDAQ:FCBC)

Concurrent Investment Advisors LLC bought a new position in First Community Bancshares, Inc. (NASDAQ:FCBC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,410 shares of the bank's stock, valued at approximately $242,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in First Community Bancshares by 3,912.9% during the 1st quarter. GAMMA Investing LLC now owns 61,397 shares of the bank's stock valued at $2,314,000 after acquiring an additional 59,867 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in First Community Bancshares in the fourth quarter worth $329,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in First Community Bancshares by 3.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,737 shares of the bank's stock worth $947,000 after purchasing an additional 815 shares in the last quarter. Systematic Financial Management LP lifted its position in First Community Bancshares by 2.0% during the fourth quarter. Systematic Financial Management LP now owns 542,599 shares of the bank's stock valued at $22,594,000 after buying an additional 10,855 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in First Community Bancshares by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,650 shares of the bank's stock valued at $402,000 after buying an additional 395 shares during the period. 34.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

First Community Bancshares Price Performance

First Community Bancshares stock traded up $0.53 during midday trading on Wednesday, reaching $40.43. 48,129 shares of the company traded hands, compared to its average volume of 44,396. First Community Bancshares, Inc. has a 12 month low of $33.88 and a 12 month high of $49.02. The business has a 50 day moving average of $38.93 and a two-hundred day moving average of $39.58. The firm has a market capitalization of $739.02 million, a price-to-earnings ratio of 14.60 and a beta of 0.60.

First Community Bancshares (NASDAQ:FCBC - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). First Community Bancshares had a net margin of 27.24% and a return on equity of 10.09%. The firm had revenue of $40.53 million for the quarter, compared to the consensus estimate of $40.50 million.

First Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.31 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.24 annualized dividend and a yield of 3.07%. First Community Bancshares's payout ratio is 44.77%.

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.