Jefferies Financial Group Inc. Buys New Shares in First Community Bankshares, Inc. (NASDAQ:FCBC)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FCBC. JPMorgan Chase & Co. raised its stake in shares of First Community Bankshares by 134.5% in the 4th quarter. JPMorgan Chase & Co. now owns 73,000 shares of the bank's stock valued at $3,040,000 after acquiring an additional 41,867 shares during the period. Mariner LLC acquired a new stake in First Community Bankshares in the 4th quarter valued at $630,000. one8zero8 LLC purchased a new position in First Community Bankshares in the fourth quarter valued at about $511,000. Systematic Financial Management LP lifted its stake in shares of First Community Bankshares by 2.0% during the fourth quarter. Systematic Financial Management LP now owns 542,599 shares of the bank's stock worth $22,594,000 after purchasing an additional 10,855 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of First Community Bankshares by 6.9% in the fourth quarter. Northern Trust Corp now owns 168,347 shares of the bank's stock worth $7,010,000 after buying an additional 10,819 shares during the period. 34.95% of the stock is owned by institutional investors and hedge funds.

First Community Bankshares Stock Down 0.5%

Shares of NASDAQ FCBC traded down $0.19 during trading on Wednesday, reaching $37.30. 6,757 shares of the stock were exchanged, compared to its average volume of 37,355. The business's 50-day moving average price is $38.15 and its 200 day moving average price is $40.77. The company has a market capitalization of $681.72 million, a price-to-earnings ratio of 13.13 and a beta of 0.58. First Community Bankshares, Inc. has a twelve month low of $32.63 and a twelve month high of $49.02.

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

First Community Bankshares 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 paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Friday, May 9th. First Community Bankshares's payout ratio is 44.77%.

Analysts Set New Price Targets

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.