Alliancebernstein L.P. decreased its position in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 76.9% during the first quarter, Holdings Channel reports. The firm owned 18,800 shares of the bank’s stock after selling 62,660 shares during the period. Alliancebernstein L.P.’s holdings in First Community Bancshares were worth $469,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in First Community Bancshares by 5.3% in the fourth quarter. State Street Corp now owns 325,268 shares of the bank’s stock worth $9,800,000 after buying an additional 16,304 shares during the period. LSV Asset Management boosted its position in First Community Bancshares by 6.1% in the first quarter. LSV Asset Management now owns 274,066 shares of the bank’s stock worth $6,843,000 after buying an additional 15,641 shares during the period. Bank of New York Mellon Corp boosted its position in First Community Bancshares by 12.1% in the first quarter. Bank of New York Mellon Corp now owns 115,964 shares of the bank’s stock worth $2,896,000 after buying an additional 12,553 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its position in First Community Bancshares by 17.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 80,266 shares of the bank’s stock worth $2,004,000 after buying an additional 11,939 shares during the period. Finally, Martingale Asset Management L P boosted its position in First Community Bancshares by 6.8% in the first quarter. Martingale Asset Management L P now owns 66,319 shares of the bank’s stock worth $1,656,000 after buying an additional 4,197 shares during the period. Institutional investors and hedge funds own 46.23% of the company’s stock.
First Community Bancshares, Inc. (FCBC) opened at 26.16 on Thursday. The firm’s 50-day moving average is $27.33 and its 200-day moving average is $26.61. First Community Bancshares, Inc. has a 52-week low of $20.47 and a 52-week high of $31.94. The company has a market cap of $445.16 million, a PE ratio of 17.55 and a beta of 0.71.
First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. First Community Bancshares had a return on equity of 7.38% and a net margin of 21.56%. The business had revenue of $27.77 million for the quarter. On average, equities research analysts anticipate that First Community Bancshares, Inc. will post $1.58 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Wednesday, August 2nd. This is a positive change from First Community Bancshares’s previous quarterly dividend of $0.16. First Community Bancshares’s payout ratio is currently 48.32%.
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A number of research analysts have weighed in on FCBC shares. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of First Community Bancshares in a research report on Sunday, July 30th. BidaskClub cut shares of First Community Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.
In related news, President Gary R. Mills purchased 1,000 shares of First Community Bancshares stock in a transaction dated Friday, July 28th. The shares were acquired at an average price of $27.38 per share, for a total transaction of $27,380.00. Following the acquisition, the president now directly owns 16,533 shares in the company, valued at $452,673.54. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.33% of the stock is owned by insiders.
About First Community Bancshares
First Community Bancshares, Inc is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Bank operates as First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a Division of First Community Bank, in Tennessee.
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