First Community Bancshares (NASDAQ:FCBC) Sets New 12-Month Low - Time to Sell?

Key Points

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First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $32.81 and last traded at $36.59, with a volume of 688 shares. The stock had previously closed at $36.43.

Analyst Ratings Changes

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

First Community Bancshares Stock Performance

The company has a 50-day moving average price of $38.46 and a 200-day moving average price of $38.81. The firm has a market capitalization of $701.84 million, a price-to-earnings ratio of 14.03 and a beta of 0.65.

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. The firm had revenue of $41.00 million during the quarter, compared to analysts' expectations of $40.60 million. First Community Bancshares had a return on equity of 9.68% and a net margin of 27.07%.

First Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors 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 dividend yield of 3.2%. First Community Bancshares's dividend payout ratio is 45.42%.

Institutional Trading of First Community Bancshares

A number of large investors have recently made changes to their positions in FCBC. GAMMA Investing LLC boosted its position in shares of First Community Bancshares by 3,912.9% in the 1st quarter. GAMMA Investing LLC now owns 61,397 shares of the bank's stock valued at $2,314,000 after purchasing an additional 59,867 shares during the period. Vanguard Group Inc. boosted its position in shares of First Community Bancshares by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 1,000,510 shares of the bank's stock valued at $37,709,000 after purchasing an additional 55,632 shares during the period. Nuveen LLC acquired a new stake in shares of First Community Bancshares in the 1st quarter valued at about $1,849,000. Jane Street Group LLC acquired a new stake in shares of First Community Bancshares in the 1st quarter valued at about $976,000. Finally, Mariner LLC purchased a new stake in First Community Bancshares during the 4th quarter valued at approximately $630,000. 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.