First Community Bancshares (NASDAQ:FCBC) Hits New 52-Week Low - Time to Sell?

Key Points

• First Community Bancshares shares reached a new 52-week low, trading at $32.10, down 3.8% from its previous close of $33.32.
• Analysts have a consensus rating of "Hold" on FCBC stock, with Weiss Ratings reaffirming a "hold (c+)" rating.
• The company announced a quarterly dividend of $0.31, representing an annualized yield of 3.9%, with a payout ratio of 45.42%.

First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $32.18 and last traded at $32.10, with a volume of 19835 shares traded. The stock had previously closed at $33.32.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of First Community Bancshares in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold".

First Community Bancshares Stock Down 3.8%

The company has a market cap of $587.00 million, a price-to-earnings ratio of 11.74 and a beta of 0.64. The stock's 50-day simple moving average is $36.12 and its 200 day simple moving average is $37.70.

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

First Community Bancshares Announces Dividend

The business also recently declared 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 of this dividend was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.9%. First Community Bancshares's dividend payout ratio (DPR) is currently 45.42%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in First Community Bancshares by 5.9% in 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 during the last quarter. Nuveen LLC purchased a new position in First Community Bancshares during the 1st quarter worth approximately $1,849,000. Jane Street Group LLC acquired a new position in First Community Bancshares during the first quarter worth approximately $976,000. Geode Capital Management LLC lifted its stake in First Community Bancshares by 3.4% in the second quarter. Geode Capital Management LLC now owns 402,316 shares of the bank's stock valued at $15,761,000 after buying an additional 13,205 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of First Community Bancshares during the second quarter worth approximately $487,000. 34.95% of the stock is owned by institutional investors and hedge funds.

About First Community Bancshares

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.

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