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

First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report)'s share price 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded First Community Bankshares from a "sell" rating to a "hold" rating in a research note on Friday.

First Community Bankshares Stock Performance

The stock's fifty day simple moving average is $38.41 and its 200-day simple moving average is $41.63. The stock has a market cap of $710.72 million, a P/E ratio of 13.65 and a beta of 0.58.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $40.53 million for the quarter, compared to the consensus estimate of $40.50 million. First Community Bankshares had a return on equity of 10.35% and a net margin of 27.81%.

First Community Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, May 9th. First Community Bankshares's payout ratio is 44.77%.

Hedge Funds Weigh In On First Community Bankshares

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew 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 worth $26,000 after acquiring an additional 284 shares in the last quarter. Atala Financial Inc purchased a new stake in First Community Bankshares during the fourth quarter valued at approximately $59,000. KLP Kapitalforvaltning AS acquired a new stake in shares of First Community Bankshares in the 4th quarter worth $137,000. Signaturefd LLC increased its holdings in shares of First Community Bankshares by 62.3% during the fourth quarter. Signaturefd LLC now owns 3,509 shares of the bank's stock valued at $146,000 after acquiring an additional 1,347 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of First Community Bankshares by 224.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 5,924 shares of the bank's stock valued at $223,000 after acquiring an additional 4,100 shares during the period. 34.95% of the stock is currently owned by hedge funds and other institutional investors.

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.