First Community Bankshares (NASDAQ:FCBC) Sets New 12-Month Low - Time to Sell?

First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $36.99 and last traded at $37.68, with a volume of 45832 shares trading hands. The stock had previously closed at $38.05.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of First Community Bankshares from a "sell" rating to a "hold" rating in a report on Friday.

First Community Bankshares Trading Up 0.3 %

The company has a market capitalization of $708.65 million, a PE ratio of 13.65 and a beta of 0.58. The company's 50 day moving average price is $38.38 and its 200-day moving average price is $41.57.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last posted 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 analysts' expectations of $40.50 million. First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%.

First Community Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Friday, May 9th. First Community Bankshares's dividend payout ratio (DPR) is presently 44.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake in shares of 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 buying an additional 284 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in First Community Bankshares by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,650 shares of the bank's stock worth $402,000 after acquiring an additional 395 shares during the period. Hsbc Holdings PLC grew 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 valued at $1,016,000 after acquiring an additional 814 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of First Community Bankshares by 3.7% during the fourth 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 during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of First Community Bankshares by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank's stock worth $5,734,000 after purchasing an additional 918 shares in the last quarter. 34.95% of the stock is owned by institutional investors and hedge funds.

First Community Bankshares Company Profile

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.