First Community Bankshares (NASDAQ:FCBC - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Tuesday.
First Community Bankshares Stock Performance
NASDAQ FCBC traded up $0.57 during trading on Tuesday, reaching $37.58. The company's stock had a trading volume of 26,773 shares, compared to its average volume of 36,164. The business's fifty day moving average price is $39.68 and its 200-day moving average price is $42.04. First Community Bankshares has a twelve month low of $31.19 and a twelve month high of $49.02. The firm has a market cap of $688.73 million, a price-to-earnings ratio of 13.23 and a beta of 0.52.
First Community Bankshares (NASDAQ:FCBC - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.71 earnings per share (EPS) for the quarter. First Community Bankshares had a return on equity of 10.35% and a net margin of 27.81%.
Hedge Funds Weigh In On First Community Bankshares
Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of First Community Bankshares by 3,912.9% in 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. Jefferies Financial Group Inc. acquired a new stake in First Community Bankshares in the fourth quarter valued at about $329,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in First Community Bankshares by 3.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,737 shares of the bank's stock valued at $947,000 after purchasing an additional 815 shares in the last quarter. Systematic Financial Management LP increased its position in First Community Bankshares by 2.0% during the 4th quarter. Systematic Financial Management LP now owns 542,599 shares of the bank's stock worth $22,594,000 after purchasing an additional 10,855 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of First Community Bankshares by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,650 shares of the bank's stock worth $402,000 after buying an additional 395 shares in the last quarter. 34.95% of the stock is owned by institutional investors and hedge funds.
About First Community Bankshares
(
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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