First Community Bancshares (NASDAQ:FCBC) President Sells $166,845.00 in Stock

First Community Bancshares, Inc. (NASDAQ:FCBC) President Gary Mills sold 3,500 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.67, for a total transaction of $166,845.00. Following the completion of the sale, the president owned 5,798 shares in the company, valued at $276,390.66. This represents a 37.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

First Community Bancshares Price Performance

NASDAQ:FCBC traded up $0.32 during trading hours on Thursday, hitting $47.96. The stock had a trading volume of 79,094 shares, compared to its average volume of 81,719. The company has a 50 day simple moving average of $44.26 and a two-hundred day simple moving average of $41.52. The firm has a market capitalization of $904.86 million, a price-to-earnings ratio of 15.13 and a beta of 0.48. First Community Bancshares, Inc. has a one year low of $31.21 and a one year high of $49.35.

First Community Bancshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.82%. The firm had revenue of $92.09 million for the quarter, compared to analysts’ expectations of $51.20 million. Equities research analysts anticipate that First Community Bancshares, Inc. will post 3.04 earnings per share for the current year.

First Community Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.33 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. This is an increase from First Community Bancshares’s previous quarterly dividend of $0.31. First Community Bancshares’s dividend payout ratio is currently 41.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FCBC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Community Bancshares in a research report on Thursday, June 18th. Raymond James Financial began coverage on shares of First Community Bancshares in a research report on Tuesday, June 30th. They issued a “market perform” rating on the stock. Finally, Zacks Research raised shares of First Community Bancshares to a “hold” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, First Community Bancshares has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FCBC. Advisory Services Network LLC purchased a new position in shares of First Community Bancshares during the 3rd quarter valued at about $26,000. Financial Consulate Inc. purchased a new stake in First Community Bancshares in the fourth quarter worth approximately $34,000. Aquatic Capital Management LLC grew its position in First Community Bancshares by 78.0% during the third quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock valued at $40,000 after acquiring an additional 501 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of First Community Bancshares by 1,717.1% during the third quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock worth $48,000 after acquiring an additional 1,305 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of First Community Bancshares by 56.0% during the second quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock worth $63,000 after acquiring an additional 577 shares in the last quarter. Institutional investors own 34.95% of the company’s stock.

First Community Bancshares Company Profile

First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.

The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.