Northern Trust Corp Purchases 10,819 Shares of First Community Bankshares, Inc. (NASDAQ:FCBC)

Northern Trust Corp increased its stake in shares of First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,347 shares of the bank's stock after purchasing an additional 10,819 shares during the quarter. Northern Trust Corp owned approximately 0.92% of First Community Bankshares worth $7,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FCBC. Tower Research Capital LLC TRC grew its stake 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 worth $26,000 after acquiring an additional 284 shares during the last quarter. Atala Financial Inc acquired a new position in shares of First Community Bankshares in the fourth quarter worth about $59,000. KLP Kapitalforvaltning AS acquired a new position in shares of First Community Bankshares during the 4th quarter worth approximately $137,000. Signaturefd LLC lifted its holdings in First Community Bankshares by 62.3% during the fourth quarter. Signaturefd LLC now owns 3,509 shares of the bank's stock valued at $146,000 after purchasing an additional 1,347 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of First Community Bankshares by 18.3% during the fourth quarter. SG Americas Securities LLC now owns 7,185 shares of the bank's stock valued at $299,000 after acquiring an additional 1,109 shares during the last quarter. Hedge funds and other institutional investors own 34.95% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of First Community Bankshares from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd.

First Community Bankshares Stock Performance

First Community Bankshares stock opened at $39.55 on Tuesday. The company has a market capitalization of $722.93 million, a PE ratio of 13.93 and a beta of 0.58. First Community Bankshares, Inc. has a fifty-two week low of $32.63 and a fifty-two week high of $49.02. The firm has a 50 day moving average price of $38.30 and a 200 day moving average price of $41.35.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last released its earnings results on Tuesday, April 22nd. The bank reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). The company had revenue of $40.53 million during 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 will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.24 annualized dividend and a yield of 3.14%. First Community Bankshares's dividend payout ratio is currently 44.77%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.