Mariner LLC Purchases Shares of 15,126 First Community Bankshares, Inc. (NASDAQ:FCBC)

Mariner LLC purchased a new position in shares of First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,126 shares of the bank's stock, valued at approximately $630,000. Mariner LLC owned 0.08% of First Community Bankshares at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Barclays PLC lifted its holdings in shares of First Community Bankshares by 219.6% in the third quarter. Barclays PLC now owns 29,709 shares of the bank's stock valued at $1,282,000 after purchasing an additional 20,412 shares in the last quarter. JPMorgan Chase & Co. raised its stake in First Community Bankshares by 67.2% during the third quarter. JPMorgan Chase & Co. now owns 31,133 shares of the bank's stock worth $1,343,000 after purchasing an additional 12,514 shares during the period. Franklin Resources Inc. boosted its holdings in First Community Bankshares by 11.8% in the third quarter. Franklin Resources Inc. now owns 10,950 shares of the bank's stock valued at $475,000 after acquiring an additional 1,158 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in First Community Bankshares by 14.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,207 shares of the bank's stock worth $883,000 after purchasing an additional 2,621 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in First Community Bankshares during the fourth quarter valued at approximately $351,000. Hedge funds and other institutional investors own 34.95% of the company's stock.

First Community Bankshares Stock Up 2.2 %

NASDAQ FCBC traded up $0.85 during trading hours on Friday, hitting $38.78. The company had a trading volume of 25,955 shares, compared to its average volume of 36,731. First Community Bankshares, Inc. has a fifty-two week low of $32.63 and a fifty-two week high of $49.02. The business has a fifty day simple moving average of $38.41 and a 200-day simple moving average of $41.63. The firm 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 issued 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid 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 of this dividend is Friday, May 9th. First Community Bankshares's dividend payout ratio (DPR) is presently 44.77%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of First Community Bankshares from a "sell" rating to a "hold" rating in a report on Friday.

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.