First Community Bankshares (NASDAQ:FCBC) Downgraded by StockNews.com

First Community Bankshares (NASDAQ:FCBC - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Friday.

First Community Bankshares Stock Up 3.7 %

FCBC traded up $1.18 during trading on Friday, hitting $33.10. The company had a trading volume of 32,303 shares, compared to its average volume of 31,830. The company has a market capitalization of $611.39 million, a PE ratio of 12.17 and a beta of 0.52. First Community Bankshares has a one year low of $22.55 and a one year high of $39.23. The firm's 50-day moving average price is $32.81 and its 200 day moving average price is $33.74.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. First Community Bankshares had a net margin of 27.50% and a return on equity of 11.20%. The firm had revenue of $42.53 million for the quarter, compared to analysts' expectations of $41.98 million. Sell-side analysts forecast that First Community Bankshares will post 2.38 earnings per share for the current year.

Institutional Investors Weigh In On First Community Bankshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCBC. Mather Group LLC. acquired a new position in shares of First Community Bankshares during the 1st quarter worth about $128,000. Vanguard Group Inc. increased its stake in shares of First Community Bankshares by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 814,127 shares of the bank's stock worth $30,204,000 after purchasing an additional 24,240 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of First Community Bankshares by 3.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,242 shares of the bank's stock worth $455,000 after purchasing an additional 434 shares during the last quarter. Barclays PLC increased its stake in shares of First Community Bankshares by 184.4% during the 4th quarter. Barclays PLC now owns 29,954 shares of the bank's stock worth $1,112,000 after purchasing an additional 19,420 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of First Community Bankshares by 0.9% during the 4th quarter. Nuveen Asset Management LLC now owns 51,489 shares of the bank's stock worth $1,910,000 after purchasing an additional 475 shares during the last quarter. 34.95% of the stock is owned by institutional investors.

About First Community Bankshares

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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