Jefferies Financial Group Inc. Makes New $329,000 Investment in First Community Bankshares, Inc. (NASDAQ:FCBC)

Jefferies Financial Group Inc. bought a new stake in shares of First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,900 shares of the bank's stock, valued at approximately $329,000.

A number of other hedge funds have also recently modified their holdings of FCBC. Tower Research Capital LLC TRC raised its stake in shares of First Community Bankshares 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 buying an additional 284 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in First Community Bankshares by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,650 shares of the bank's stock worth $402,000 after acquiring an additional 395 shares during the period. Hsbc Holdings PLC raised its stake in First Community Bankshares by 3.5% during the 4th quarter. Hsbc Holdings PLC now owns 24,287 shares of the bank's stock worth $1,016,000 after acquiring an additional 814 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in First Community Bankshares by 3.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,737 shares of the bank's stock valued at $947,000 after purchasing an additional 815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of First Community Bankshares by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank's stock worth $5,734,000 after purchasing an additional 918 shares during the period. Institutional investors own 34.95% of the company's stock.

First Community Bankshares Price Performance

Shares of FCBC stock traded down $0.25 during trading hours on Wednesday, hitting $37.23. The stock had a trading volume of 37,068 shares, compared to its average volume of 37,528. First Community Bankshares, Inc. has a one year low of $32.63 and a one year high of $49.02. The stock's 50-day moving average price is $38.13 and its two-hundred day moving average price is $40.75. The stock has a market capitalization of $680.53 million, a price-to-earnings ratio of 13.11 and a beta of 0.58.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last released 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). First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%. The business had revenue of $40.53 million for the quarter, compared to the consensus estimate of $40.50 million.

First Community Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.24 annualized dividend and a yield of 3.33%. First Community Bankshares's payout ratio is presently 44.77%.

Wall Street Analyst Weigh In

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

First Community Bankshares 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.