Deutsche Bank AG Boosts Stock Holdings in First Community Bankshares, Inc. (NASDAQ:FCBC)

Deutsche Bank AG lifted its holdings in First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) by 68.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,822 shares of the bank's stock after purchasing an additional 6,823 shares during the quarter. Deutsche Bank AG owned about 0.09% of First Community Bankshares worth $700,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in First Community Bankshares by 84.5% during the 4th 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 period. Atala Financial Inc acquired a new stake in First Community Bankshares during the 4th quarter worth about $59,000. KLP Kapitalforvaltning AS acquired a new stake in First Community Bankshares during the 4th quarter worth about $137,000. Signaturefd LLC lifted its position in First Community Bankshares by 62.3% during the 4th 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. Finally, Citadel Advisors LLC acquired a new stake in First Community Bankshares during the 4th quarter worth about $257,000. Institutional investors and hedge funds own 34.95% of the company's stock.

First Community Bankshares Trading Down 1.1%

Shares of NASDAQ FCBC traded down $0.42 during trading on Friday, reaching $37.77. 38,193 shares of the company traded hands, compared to its average volume of 37,362. The firm's fifty day simple moving average is $38.20 and its 200 day simple moving average is $40.85. The stock has a market cap of $690.40 million, a P/E ratio of 13.30 and a beta of 0.58. First Community Bankshares, Inc. has a 12-month low of $32.63 and a 12-month high of $49.02.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $40.53 million for the quarter, compared to analysts' expectations of $40.50 million. First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%.

First Community Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.24 annualized dividend and a dividend yield of 3.28%. First Community Bankshares's dividend payout ratio is presently 44.77%.

Wall Street Analyst Weigh In

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

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.