GAMMA Investing LLC Increases Stake in First Community Bancshares, Inc. (NASDAQ:FCBC)

GAMMA Investing LLC lifted its position in shares of First Community Bancshares, Inc. (NASDAQ:FCBC - Free Report) by 3,912.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,397 shares of the bank's stock after acquiring an additional 59,867 shares during the period. GAMMA Investing LLC owned approximately 0.34% of First Community Bancshares worth $2,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FCBC. Systematic Financial Management LP boosted its stake in First Community Bancshares by 2.0% during the 4th quarter. Systematic Financial Management LP now owns 542,599 shares of the bank's stock valued at $22,594,000 after purchasing an additional 10,855 shares during the last quarter. Northern Trust Corp boosted its position in shares of First Community Bancshares by 6.9% during the fourth quarter. Northern Trust Corp now owns 168,347 shares of the bank's stock valued at $7,010,000 after buying an additional 10,819 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of First Community Bancshares by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank's stock valued at $5,734,000 after buying an additional 918 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in First Community Bancshares by 134.5% in the 4th quarter. JPMorgan Chase & Co. now owns 73,000 shares of the bank's stock worth $3,040,000 after buying an additional 41,867 shares in the last quarter. Finally, Barclays PLC raised its position in First Community Bancshares by 11.3% in the 4th quarter. Barclays PLC now owns 33,080 shares of the bank's stock worth $1,378,000 after buying an additional 3,371 shares during the last quarter. Institutional investors own 34.95% of the company's stock.

Wall Street Analyst Weigh In

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 Trading Down 0.4%

FCBC stock traded down $0.14 on Tuesday, hitting $37.05. The company had a trading volume of 104,820 shares, compared to its average volume of 39,527. First Community Bancshares, Inc. has a 12-month low of $33.37 and a 12-month high of $49.02. The stock has a market cap of $677.27 million, a price-to-earnings ratio of 13.38 and a beta of 0.60. The stock's 50-day simple moving average is $38.27 and its 200 day simple moving average is $40.20.

First Community Bancshares (NASDAQ:FCBC - Get Free Report) last issued 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 firm had revenue of $40.53 million during the quarter, compared to the consensus estimate 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 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 of this dividend was Friday, May 9th. This represents a $1.24 annualized dividend and a yield of 3.35%. First Community Bancshares's 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.