First Community Bankshares (NASDAQ:FCBC) Sees Strong Trading Volume - Here's Why

Shares of First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 66,364 shares were traded during mid-day 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.

Wall Street Analyst Weigh In

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

First Community Bankshares Stock Down 2.6%

The business's 50 day moving average is $38.30 and its two-hundred day moving average is $40.33. The firm has a market capitalization of $681.62 million, a P/E ratio of 13.13 and a beta of 0.60.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $40.50 million.

First Community Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Friday, May 9th. First Community Bankshares's dividend payout ratio is currently 44.77%.

Institutional Investors Weigh In On First Community Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of FCBC. Tower Research Capital LLC TRC raised its stake in shares of First Community Bankshares by 84.5% during 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 in the last quarter. Atala Financial Inc acquired a new position in First Community Bankshares during the fourth quarter worth about $59,000. KLP Kapitalforvaltning AS acquired a new position in First Community Bankshares during the fourth quarter worth about $137,000. Signaturefd LLC grew its holdings in First Community Bankshares by 62.3% during the fourth quarter. Signaturefd LLC now owns 3,509 shares of the bank's stock worth $146,000 after acquiring an additional 1,347 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in First Community Bankshares by 224.8% during the first quarter. Nisa Investment Advisors LLC now owns 5,924 shares of the bank's stock worth $223,000 after acquiring an additional 4,100 shares during the period. 34.95% of the stock is currently owned by institutional investors.

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.