First Community Bancshares (NASDAQ:FCBC) Share Price Passes Above 200 Day Moving Average - Should You Sell?

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 $39.84 and traded as high as $39.97. First Community Bancshares shares last traded at $39.63, with a volume of 245,464 shares traded.

Wall Street Analysts Forecast Growth

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

First Community Bancshares Price Performance

The company has a market capitalization of $739.24 million, a P/E ratio of 14.60 and a beta of 0.60. The firm's 50-day moving average is $38.37 and its 200-day moving average is $39.71.

First Community Bancshares (NASDAQ:FCBC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). First Community Bancshares had a net margin of 27.24% and a return on equity of 10.09%. The business had revenue of $40.53 million for the quarter, compared to the consensus estimate of $40.50 million.

First Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Friday, May 9th. First Community Bancshares's dividend payout ratio (DPR) is currently 44.77%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FCBC. Charles Schwab Investment Management Inc. raised its stake in First Community Bancshares by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank's stock worth $5,734,000 after acquiring an additional 918 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of First Community Bancshares by 14.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,207 shares of the bank's stock worth $883,000 after purchasing an additional 2,621 shares in the last quarter. Atala Financial Inc bought a new stake in shares of First Community Bancshares during the 4th quarter valued at $59,000. one8zero8 LLC purchased a new position in shares of First Community Bancshares during the 4th quarter valued at $511,000. Finally, Signaturefd LLC boosted its holdings in First Community Bancshares by 62.3% in the 4th quarter. Signaturefd LLC now owns 3,509 shares of the bank's stock worth $146,000 after buying an additional 1,347 shares during the period. 34.95% of the stock is currently owned by institutional investors.

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.