Systematic Financial Management LP Has $22.59 Million Holdings in First Community Bankshares, Inc. (NASDAQ:FCBC)

Systematic Financial Management LP increased its stake in shares of First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 542,599 shares of the bank's stock after acquiring an additional 10,855 shares during the period. Systematic Financial Management LP owned 2.97% of First Community Bankshares worth $22,594,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FCBC. JPMorgan Chase & Co. lifted its position in shares of First Community Bankshares by 134.5% during the 4th quarter. JPMorgan Chase & Co. now owns 73,000 shares of the bank's stock worth $3,040,000 after purchasing an additional 41,867 shares during the last quarter. Mariner LLC bought a new position in First Community Bankshares in the 4th quarter worth approximately $630,000. one8zero8 LLC bought a new position in First Community Bankshares in the 4th quarter worth approximately $511,000. Northern Trust Corp lifted its holdings in shares of First Community Bankshares by 6.9% during the fourth quarter. Northern Trust Corp now owns 168,347 shares of the bank's stock worth $7,010,000 after buying an additional 10,819 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of First Community Bankshares in the fourth quarter valued at approximately $351,000. Institutional investors and hedge funds own 34.95% of the company's stock.

First Community Bankshares Stock Performance

Shares of NASDAQ:FCBC traded down $0.26 during trading on Tuesday, hitting $39.29. 16,103 shares of the stock were exchanged, compared to its average volume of 37,038. The company has a market capitalization of $718.18 million, a price-to-earnings ratio of 13.83 and a beta of 0.58. First Community Bankshares, Inc. has a 1-year low of $32.63 and a 1-year high of $49.02. The company's fifty day simple moving average is $38.32 and its 200-day simple moving average is $41.33.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $40.53 million for the quarter, compared to analyst estimates 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 firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.24 annualized dividend and a dividend yield of 3.16%. First Community Bankshares's dividend payout ratio (DPR) is currently 44.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of First Community Bankshares from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd.

First Community Bankshares 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.