First Community Bankshares (NASDAQ:FCBC) Sees Strong Trading Volume - Time to Buy?

First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report) shares saw an uptick in trading volume on Wednesday . 66,364 shares changed hands during trading, an increase of 75% from the previous session's volume of 37,881 shares.The stock last traded at $38.60 and had previously closed at $38.87.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut First Community Bankshares from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

First Community Bankshares Stock Down 1.7%

The company has a market capitalization of $688.20 million, a price-to-earnings ratio of 13.26 and a beta of 0.60. The business has a 50-day moving average price of $38.29 and a 200-day moving average price of $40.43.

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 the consensus estimate 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 net margin of 27.81% and a return on equity of 10.35%.

First Community Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, May 9th. First Community Bankshares's dividend payout ratio is 44.77%.

Institutional Trading of First Community Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of First Community Bankshares by 3,912.9% during the first quarter. GAMMA Investing LLC now owns 61,397 shares of the bank's stock worth $2,314,000 after acquiring an additional 59,867 shares in the last quarter. Vanguard Group Inc. boosted its position in First Community Bankshares by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 1,000,510 shares of the bank's stock valued at $37,709,000 after acquiring an additional 55,632 shares in the last quarter. Nuveen LLC bought a new position in shares of First Community Bankshares during the first quarter valued at $1,849,000. JPMorgan Chase & Co. raised its holdings in shares of First Community Bankshares by 134.5% during the fourth 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 purchased a new stake in shares of First Community Bankshares in the 1st quarter worth $976,000. Institutional investors own 34.95% of the company's stock.

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.