Nuveen LLC Acquires Shares of 49,046 First Community Bancshares, Inc. $FCBC

Key Points

• Nuveen LLC acquired 49,046 shares of First Community Bancshares, Inc. valued at approximately $1,849,000, representing 0.27% ownership of the company.
• The stock received a quarterly dividend of $0.31, yielding 3.3%, with an annualized dividend of $1.24 and a payout ratio of 45.42%.
• First Community Bancshares' stock was noted to have a market cap of $695.79 million, with a recent price-to-earnings ratio of 13.91.

Nuveen LLC acquired a new stake in shares of First Community Bancshares, Inc. (NASDAQ:FCBC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 49,046 shares of the bank's stock, valued at approximately $1,849,000. Nuveen LLC owned about 0.27% of First Community Bancshares at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of First Community Bancshares by 5.9% during the first quarter. Vanguard Group Inc. now owns 1,000,510 shares of the bank's stock valued at $37,709,000 after acquiring an additional 55,632 shares in the last quarter. Systematic Financial Management LP raised its holdings in shares of First Community Bancshares by 2.0% in the fourth quarter. Systematic Financial Management LP now owns 542,599 shares of the bank's stock worth $22,594,000 after buying an additional 10,855 shares during the last quarter. Northern Trust Corp lifted its stake 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 worth $7,010,000 after buying an additional 10,819 shares during the period. GAMMA Investing LLC grew its holdings in shares of First Community Bancshares by 3,912.9% during the first quarter. GAMMA Investing LLC now owns 61,397 shares of the bank's stock valued at $2,314,000 after buying an additional 59,867 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. increased its position in shares of First Community Bancshares by 4.1% in the 1st quarter. Burke & Herbert Bank & Trust Co. now owns 38,920 shares of the bank's stock valued at $1,467,000 after acquiring an additional 1,550 shares during the period. Institutional investors and hedge funds own 34.95% of the company's stock.

First Community Bancshares Price Performance

FCBC stock traded down $0.31 during trading on Wednesday, hitting $37.16. 11,822 shares of the company traded hands, compared to its average volume of 43,504. First Community Bancshares, Inc. has a 1 year low of $32.81 and a 1 year high of $49.02. The company has a market cap of $680.49 million, a PE ratio of 13.61 and a beta of 0.68. The stock's 50-day simple moving average is $38.49 and its 200 day simple moving average is $38.52.

First Community Bancshares (NASDAQ:FCBC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. First Community Bancshares had a net margin of 27.07% and a return on equity of 9.68%. The business had revenue of $41.00 million for the quarter, compared to analysts' expectations of $40.60 million.

First Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.3%. First Community Bancshares's dividend payout ratio is 45.42%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered First Community Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th.

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.