First Community Bankshares (NASDAQ:FCBC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.
First Community Bankshares Stock Performance
FCBC stock remained flat at $37.71 during trading on Friday. The company had a trading volume of 37,381 shares, compared to its average volume of 37,182. The company has a fifty day simple moving average of $38.27 and a 200-day simple moving average of $41.16. The stock has a market cap of $689.30 million, a price-to-earnings ratio of 13.28 and a beta of 0.58. First Community Bankshares has a 1 year low of $32.63 and a 1 year high of $49.02.
First Community Bankshares (NASDAQ:FCBC - Get Free Report) last released its 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). First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%. The company had revenue of $40.53 million during the quarter, compared to analyst estimates of $40.50 million.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in First Community Bankshares by 84.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank's stock valued at $26,000 after purchasing an additional 284 shares during the period. Atala Financial Inc purchased a new position in First Community Bankshares in the fourth quarter worth $59,000. KLP Kapitalforvaltning AS acquired a new stake in First Community Bankshares in the fourth quarter valued at $137,000. Signaturefd LLC boosted its position in shares of First Community Bankshares by 62.3% during the 4th quarter. Signaturefd LLC now owns 3,509 shares of the bank's stock worth $146,000 after purchasing an additional 1,347 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of First Community Bankshares by 224.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,924 shares of the bank's stock worth $223,000 after purchasing an additional 4,100 shares in the last quarter. 34.95% of the stock is currently 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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