First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report) shares saw an uptick in trading volume on Tuesday . 52,056 shares were traded during mid-day trading, an increase of 33% from the previous session's volume of 39,283 shares.The stock last traded at $37.14 and had previously closed at $37.19.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered First Community Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th.
Get Our Latest Stock Analysis on First Community Bancshares
First Community Bancshares Stock Performance
The company has a 50 day moving average of $38.26 and a 200 day moving average of $40.06. The stock has a market capitalization of $690.25 million, a price-to-earnings ratio of 13.63 and a beta of 0.60.
First Community Bancshares (NASDAQ:FCBC - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The bank reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). The business had revenue of $40.53 million during the quarter, compared to analyst estimates of $40.50 million. First Community Bancshares had a net margin of 27.24% and a return on equity of 10.09%.
First Community Bancshares Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.24 annualized dividend and a dividend yield of 3.28%. First Community Bancshares's dividend payout ratio is presently 44.77%.
Institutional Trading of First Community Bancshares
Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of First Community Bancshares by 3,912.9% during the 1st quarter. GAMMA Investing LLC now owns 61,397 shares of the bank's stock valued at $2,314,000 after acquiring an additional 59,867 shares during the last quarter. Vanguard Group Inc. raised its stake in First Community Bancshares by 5.9% during the first quarter. Vanguard Group Inc. now owns 1,000,510 shares of the bank's stock worth $37,709,000 after purchasing an additional 55,632 shares during the period. Nuveen LLC acquired a new position in First Community Bancshares in the 1st quarter valued at about $1,849,000. JPMorgan Chase & Co. boosted its holdings in First Community Bancshares by 134.5% in the 4th 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 Bancshares in the 1st quarter valued at approximately $976,000. 34.95% of the stock is owned by institutional investors and hedge funds.
About First Community Bancshares
(
Get Free Report)
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.
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