First Community Bancshares (NASDAQ:FCBC) Reaches New 1-Year Low - What's Next?

Key Points

• First Community Bancshares' stock hit a new 52-week low of $32.68 during trading, with a last price of $32.85.
• The company reported a quarterly EPS of $0.67, which exceeded the consensus estimate of $0.65, and had a revenue of $41.00 million.
• Weiss Ratings reaffirmed a "hold (c+)" rating for First Community Bancshares, maintaining the consensus rating at "Hold" from analysts.

First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as $32.68 and last traded at $32.85, with a volume of 12718 shares. The stock had previously closed at $33.32.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of First Community Bancshares in a research note on Wednesday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

First Community Bancshares Stock Down 1.1%

The business's 50-day moving average is $36.33 and its two-hundred day moving average is $37.85. The company has a market capitalization of $603.75 million, a P/E ratio of 12.09 and a beta of 0.64.

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

First Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.8%. First Community Bancshares's dividend payout ratio (DPR) is presently 45.42%.

Hedge Funds Weigh In On First Community Bancshares

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in First Community Bancshares by 3,912.9% during the first quarter. GAMMA Investing LLC now owns 61,397 shares of the bank's stock valued at $2,314,000 after acquiring an additional 59,867 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in First Community Bancshares during the first quarter valued at approximately $242,000. Burke & Herbert Bank & Trust Co. grew its stake in First Community Bancshares by 4.1% during the first quarter. Burke & Herbert Bank & Trust Co. now owns 38,920 shares of the bank's stock valued at $1,467,000 after acquiring an additional 1,550 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in First Community Bancshares by 224.8% during the first quarter. Nisa Investment Advisors LLC now owns 5,924 shares of the bank's stock valued at $223,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in First Community Bancshares by 5.9% during 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 in the last quarter. Hedge funds and other institutional investors own 34.95% of the company's stock.

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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