First Community Bancshares (NASDAQ:FCBC) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• First Community Bancshares (NASDAQ: FCBC) recently surpassed its 200-day moving average, trading at $39.21 with a high of $39.56 during the session.
• Wall Street Zen downgraded FCBC from a "hold" rating to a "sell" rating, indicating potential concerns about its future performance.
• The company announced a quarterly dividend of $0.31 per share, representing a dividend yield of 3.16% with a payout ratio of 45.42%.

First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.55 and traded as high as $39.56. First Community Bancshares shares last traded at $39.21, with a volume of 27,675 shares traded.

Analyst Upgrades and Downgrades

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

First Community Bancshares Stock Performance

The stock's 50-day moving average price is $39.09 and its two-hundred day moving average price is $39.54. The stock has a market capitalization of $704.15 million, a PE ratio of 14.11 and a beta of 0.60.

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, beating the consensus estimate of $0.65 by $0.02. First Community Bancshares had a net margin of 27.07% and a return on equity of 9.62%. The company had revenue of $41.00 million for the quarter, compared to the consensus estimate 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. Investors of record on Friday, August 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Friday, August 8th. First Community Bancshares's dividend payout ratio (DPR) is 45.42%.

Institutional Trading of First Community Bancshares

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of First Community Bancshares by 84.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank's stock valued at $26,000 after acquiring an additional 284 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of First Community Bancshares during the 4th quarter valued at about $137,000. Nisa Investment Advisors LLC boosted its holdings in shares of First Community Bancshares by 224.8% during the 1st 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 during the last quarter. Citadel Advisors LLC purchased a new stake in shares of First Community Bancshares during the 4th quarter valued at about $257,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of First Community Bancshares during the 1st quarter valued at about $242,000. Hedge funds and other institutional investors own 34.95% of the company's stock.

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.