Teacher Retirement System of Texas Sells 6,377 Shares of First Community Bancshares, Inc. (NASDAQ:FCBC)

Teacher Retirement System of Texas trimmed its holdings in First Community Bancshares, Inc. (NASDAQ:FCBC - Free Report) by 31.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,636 shares of the bank's stock after selling 6,377 shares during the period. Teacher Retirement System of Texas owned 0.07% of First Community Bancshares worth $514,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in 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 in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of First Community Bancshares during the 4th quarter worth $137,000. Signaturefd LLC boosted its holdings in shares of First Community Bancshares by 62.3% during the 4th quarter. Signaturefd LLC now owns 3,509 shares of the bank's stock worth $146,000 after buying an additional 1,347 shares during the period. Citadel Advisors LLC bought a new stake in shares of First Community Bancshares during the 4th quarter worth $257,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of First Community Bancshares during the 4th quarter worth $293,000. 34.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

First Community Bancshares Price Performance

Shares of NASDAQ FCBC traded down $0.60 during trading hours on Friday, hitting $40.33. 55,788 shares of the stock were exchanged, compared to its average volume of 40,933. The company's 50 day moving average is $39.00 and its 200 day moving average is $39.58. The firm has a market capitalization of $737.23 million, a P/E ratio of 14.56 and a beta of 0.60. First Community Bancshares, Inc. has a one year low of $33.88 and a one year high of $49.02.

First Community Bancshares (NASDAQ:FCBC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $40.53 million during the quarter, compared to the consensus estimate of $40.50 million.

First Community Bancshares Dividend Announcement

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

First Community Bancshares 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.