Wall Street Zen Downgrades First Community Bankshares (NASDAQ:FCBC) to Sell

First Community Bankshares (NASDAQ:FCBC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

First Community Bankshares Stock Performance

Shares of NASDAQ FCBC traded up $0.19 during midday trading on Friday, reaching $38.19. 24,852 shares of the stock were exchanged, compared to its average volume of 37,297. The company has a 50 day simple moving average of $38.22 and a 200 day simple moving average of $40.99. The stock has a market capitalization of $698.08 million, a P/E ratio of 13.45 and a beta of 0.58. First Community Bankshares has a twelve month low of $32.63 and a twelve month high of $49.02.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $40.53 million for the quarter, compared to analyst estimates of $40.50 million. First Community Bankshares had a return on equity of 10.35% and a net margin of 27.81%.

Institutional Trading of First Community Bankshares

Several institutional investors have recently added to or reduced their stakes in FCBC. GAMMA Investing LLC increased its holdings in First Community Bankshares by 3,912.9% in the 1st quarter. GAMMA Investing LLC now owns 61,397 shares of the bank's stock valued at $2,314,000 after purchasing an additional 59,867 shares during the last quarter. Vanguard Group Inc. increased its holdings in First Community Bankshares by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 1,000,510 shares of the bank's stock valued at $37,709,000 after purchasing an additional 55,632 shares during the last quarter. Nuveen LLC acquired a new stake in First Community Bankshares in the 1st quarter valued at approximately $1,849,000. JPMorgan Chase & Co. increased its holdings in First Community Bankshares by 134.5% in the 4th quarter. JPMorgan Chase & Co. now owns 73,000 shares of the bank's stock valued at $3,040,000 after purchasing an additional 41,867 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in First Community Bankshares in the 1st quarter valued at approximately $976,000. Institutional investors and hedge funds own 34.95% of the company's stock.

About First Community Bankshares

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.