First Community Bancshares (NASDAQ:FCBC) Sees Strong Trading Volume - Here's What Happened

Key Points

• First Community Bancshares saw a trading volume of 42,671 shares, which is a 3% decline from the previous day's volume, with the stock currently priced at $36.92.
• The bank reported a quarterly earnings per share (EPS) of $0.67, exceeding analysts' estimates, and had a revenue of $41.00 million for the quarter.
• A dividend of $0.31 per share was recently declared and paid, indicating a strong dividend yield of 3.4% with a payout ratio of approximately 45.42%.

First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report) saw strong trading volume on Tuesday . 42,671 shares changed hands during trading, a decline of 3% from the previous session's volume of 43,823 shares.The stock last traded at $36.92 and had previously closed at $36.38.

First Community Bancshares Stock Down 0.5%

The firm has a market capitalization of $664.83 million, a PE ratio of 13.30 and a beta of 0.68. The firm's 50-day simple moving average is $37.56 and its 200-day simple moving average is $38.19.

First Community Bancshares (NASDAQ:FCBC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $41.00 million for the quarter, compared to the consensus estimate of $40.60 million.

First Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.4%. First Community Bancshares's dividend payout ratio (DPR) is 45.42%.

Hedge Funds Weigh In On First Community Bancshares

A number of hedge funds have recently bought and sold shares of FCBC. AlphaQuest LLC purchased a new stake in First Community Bancshares during the 2nd quarter valued at $49,000. BNP Paribas Financial Markets increased its stake in First Community Bancshares by 56.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank's stock worth $63,000 after buying an additional 577 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in First Community Bancshares by 656.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,963 shares of the bank's stock worth $155,000 after purchasing an additional 3,439 shares during the period. Osaic Holdings Inc. increased its holdings in First Community Bancshares by 10.5% in the 2nd quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank's stock valued at $206,000 after acquiring an additional 499 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position 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 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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