First Community Bancshares (NASDAQ:FCBC) Hits New 52-Week Low - What's Next?

Key Points

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First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report) shares hit 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 traded. The stock had previously closed at $36.43.

Wall Street Analyst Weigh In

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

First Community Bancshares Price Performance

The stock has a market capitalization of $667.40 million, a price-to-earnings ratio of 13.36 and a beta of 0.65. The stock's 50 day simple moving average is $38.59 and its 200-day simple moving average is $38.98.

First Community Bancshares (NASDAQ:FCBC - Get Free Report) last posted 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 net margin of 27.07% and a return on equity of 9.68%. The firm had revenue of $41.00 million during the quarter, compared to analysts' expectations of $40.60 million.

First Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, August 8th. First Community Bancshares's payout ratio is presently 45.42%.

Institutional Trading of First Community Bancshares

Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in shares of First Community Bancshares by 84.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank's stock worth $26,000 after buying an additional 284 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of First Community Bancshares in the second quarter worth $49,000. BNP Paribas Financial Markets lifted its stake in shares of First Community Bancshares by 56.0% in the second quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank's stock worth $63,000 after buying an additional 577 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of First Community Bancshares by 656.3% in the second quarter. Tower Research Capital LLC TRC now owns 3,963 shares of the bank's stock worth $155,000 after buying an additional 3,439 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of First Community Bancshares by 224.8% in the first quarter. Nisa Investment Advisors LLC now owns 5,924 shares of the bank's stock worth $223,000 after buying an additional 4,100 shares during the last quarter. 34.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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