First Community Bancshares (NASDAQ:FCBC - Get Free Report) issued its quarterly earnings results on Tuesday. The bank reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.02, Zacks reports. First Community Bancshares had a return on equity of 10.09% and a net margin of 27.24%.
First Community Bancshares Stock Down 0.4%
Shares of FCBC stock traded down $0.15 during trading hours on Tuesday, reaching $40.63. The company's stock had a trading volume of 35,727 shares, compared to its average volume of 40,868. First Community Bancshares has a fifty-two week low of $33.88 and a fifty-two week high of $49.02. The company has a market capitalization of $742.68 million, a price-to-earnings ratio of 14.67 and a beta of 0.60. The firm's 50 day simple moving average is $39.03 and its 200-day simple moving average is $39.55.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered First Community Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th.
View Our Latest Analysis on FCBC
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in First Community Bancshares by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank's stock worth $382,000 after purchasing an additional 474 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of First Community Bancshares by 87.3% in the 1st quarter. AQR Capital Management LLC now owns 18,145 shares of the bank's stock valued at $684,000 after purchasing an additional 8,457 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of First Community Bancshares during the 1st quarter valued at about $976,000. 34.95% of the stock is currently owned by institutional investors.
About First Community Bancshares
(
Get Free Report)
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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