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

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

First Community Bankshares Price Performance

Shares of FCBC traded down $0.40 during mid-day trading on Friday, reaching $37.73. The company had a trading volume of 18,839 shares, compared to its average volume of 37,115. The company has a market capitalization of $689.58 million, a P/E ratio of 13.29 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. The company's 50-day moving average is $38.24 and its 200-day moving average is $41.08.

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 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 the consensus estimate of $40.50 million.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in shares of First Community Bankshares by 84.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank's stock valued at $26,000 after buying an additional 284 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in First Community Bankshares by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,650 shares of the bank's stock valued at $402,000 after acquiring an additional 395 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in First Community Bankshares by 2.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,799 shares of the bank's stock worth $822,000 after purchasing an additional 592 shares during the period. Hsbc Holdings PLC increased its position in First Community Bankshares by 3.5% in the fourth quarter. Hsbc Holdings PLC now owns 24,287 shares of the bank's stock worth $1,016,000 after purchasing an additional 814 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in First Community Bankshares by 3.7% during 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 worth $947,000 after purchasing an additional 815 shares during the last quarter. Institutional investors 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.