Deutsche Bank AG Grows Stake in First Community Bankshares, Inc. (NASDAQ:FCBC)

Deutsche Bank AG grew its holdings in shares of First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) by 68.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,822 shares of the bank's stock after buying an additional 6,823 shares during the period. Deutsche Bank AG owned 0.09% of First Community Bankshares worth $700,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of First Community Bankshares by 84.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank's stock valued at $26,000 after purchasing an additional 284 shares in the last quarter. Atala Financial Inc bought a new stake in First Community Bankshares in the fourth quarter worth $59,000. KLP Kapitalforvaltning AS bought a new stake in First Community Bankshares in the fourth quarter worth $137,000. Signaturefd LLC boosted its holdings in First Community Bankshares by 62.3% in the fourth quarter. Signaturefd LLC now owns 3,509 shares of the bank's stock worth $146,000 after acquiring an additional 1,347 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in First Community Bankshares in the fourth quarter worth $257,000. 34.95% of the stock is currently owned by institutional investors.

First Community Bankshares Stock Performance

Shares of NASDAQ:FCBC traded down $0.42 during midday trading on Friday, reaching $37.77. 38,193 shares of the company's stock traded hands, compared to its average volume of 37,356. The company has a market cap of $690.40 million, a price-to-earnings ratio of 13.30 and a beta of 0.58. First Community Bankshares, Inc. has a one year low of $32.63 and a one year high of $49.02. The stock has a 50 day moving average of $38.20 and a 200 day moving average of $40.93.

First Community Bankshares (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 analysts' consensus estimates of $0.65 by ($0.01). The firm 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 Dividend Announcement

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

Analyst Ratings Changes

Separately, Wall Street Zen downgraded First Community Bankshares from a "hold" rating to a "sell" rating in a 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.