First Community Bancshares (NASDAQ:FCBC) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

First Community Bancshares (NASDAQ:FCBC - Get Free Report) posted its quarterly earnings data on Tuesday. The bank reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.02, Zacks reports. First Community Bancshares had a net margin of 27.07% and a return on equity of 9.62%. The firm had revenue of $41.00 million during the quarter, compared to analyst estimates of $40.60 million.

First Community Bancshares Stock Performance

Shares of FCBC stock traded down $0.44 during trading on Friday, hitting $39.21. 27,675 shares of the company were exchanged, compared to its average volume of 61,614. The business's 50-day simple moving average is $39.11 and its 200 day simple moving average is $39.55. The firm has a market capitalization of $716.76 million, a price-to-earnings ratio of 14.36 and a beta of 0.60. First Community Bancshares has a twelve month low of $33.88 and a twelve month high of $49.02.

First Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, August 8th. First Community Bancshares's dividend payout ratio is currently 45.42%.

Institutional Investors Weigh In On First Community Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of First Community Bancshares during the first quarter worth approximately $976,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of First Community Bancshares by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank's stock valued at $382,000 after buying an additional 474 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of First Community Bancshares by 87.3% in the first quarter. AQR Capital Management LLC now owns 18,145 shares of the bank's stock valued at $684,000 after buying an additional 8,457 shares in the last quarter. 34.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 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.