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First Community Bancshares, Inc. (NASDAQ:FCBC) Shares Sold by Teacher Retirement System of Texas

First Community Bancshares logo with Finance background

Teacher Retirement System of Texas lessened its stake in shares of First Community Bancshares, Inc. (NASDAQ:FCBC - Free Report) by 31.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FCBC. Charles Schwab Investment Management Inc. lifted its holdings in shares of First Community Bancshares by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank's stock valued at $5,734,000 after acquiring an additional 918 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of First Community Bancshares by 14.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,207 shares of the bank's stock valued at $883,000 after acquiring an additional 2,621 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of First Community Bancshares by 62.3% in the 4th quarter. Signaturefd LLC now owns 3,509 shares of the bank's stock valued at $146,000 after acquiring an additional 1,347 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of First Community Bancshares in the 4th quarter valued at about $351,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of First Community Bancshares in the 4th quarter valued at about $137,000. Institutional investors own 34.95% of the company's stock.

Wall Street Analyst Weigh In

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

View Our Latest Report on FCBC

First Community Bancshares Trading Down 1.5%

Shares of NASDAQ:FCBC traded down $0.60 on Friday, hitting $40.33. 55,789 shares of the company were exchanged, compared to its average volume of 40,881. First Community Bancshares, Inc. has a 1-year low of $33.88 and a 1-year high of $49.02. The stock's 50 day moving average price is $39.03 and its 200 day moving average price is $39.56. 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 (NASDAQ:FCBC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The company had revenue of $40.53 million for the quarter, compared to analyst estimates of $40.50 million. First Community Bancshares had a return on equity of 10.09% and a net margin of 27.24%.

First Community Bancshares Announces Dividend

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

First Community Bancshares Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for First Community Bancshares (NASDAQ:FCBC)

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