First Community Bankshares (NASDAQ:FCBC) Sees Strong Trading Volume - Still a Buy?

First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 52,056 shares traded hands 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.

Analyst Ratings Changes

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 Price Performance

The firm has a market cap of $677.15 million, a PE ratio of 13.03 and a beta of 0.60. The company has a 50 day simple moving average of $38.30 and a 200-day simple moving average of $40.22.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The bank reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The firm had revenue of $40.53 million during the quarter, compared to analysts' expectations 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, May 9th. First Community Bankshares's dividend payout ratio is currently 44.77%.

Hedge Funds Weigh In On First Community Bankshares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in First Community Bankshares by 84.5% during the 4th 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 during the last quarter. Atala Financial Inc purchased a new position in First Community Bankshares in the 4th quarter worth about $59,000. KLP Kapitalforvaltning AS purchased a new stake in shares of First Community Bankshares during the 4th quarter valued at about $137,000. Signaturefd LLC lifted its position in 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 purchasing an additional 1,347 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in First Community Bankshares by 224.8% in the first quarter. Nisa Investment Advisors LLC now owns 5,924 shares of the bank's stock worth $223,000 after purchasing an additional 4,100 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.