Alliancebernstein L.P. grew its position in First Community Bancshares, Inc. (NASDAQ:FCBC) by 13.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,300 shares of the bank’s stock after acquiring an additional 2,500 shares during the period. Alliancebernstein L.P. owned about 0.13% of First Community Bancshares worth $583,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Systematic Financial Management LP boosted its holdings in shares of First Community Bancshares by 1.9% in the second quarter. Systematic Financial Management LP now owns 676,995 shares of the bank’s stock valued at $18,516,000 after acquiring an additional 12,780 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of First Community Bancshares by 17.9% in the second quarter. Wells Fargo & Company MN now owns 14,834 shares of the bank’s stock valued at $405,000 after acquiring an additional 2,252 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of First Community Bancshares by 16.7% in the second quarter. Prudential Financial Inc. now owns 110,715 shares of the bank’s stock valued at $3,028,000 after acquiring an additional 15,830 shares in the last quarter. Virginia Retirement Systems ET AL boosted its holdings in shares of First Community Bancshares by 2.1% in the second quarter. Virginia Retirement Systems ET AL now owns 19,300 shares of the bank’s stock valued at $528,000 after acquiring an additional 400 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of First Community Bancshares by 2.5% in the second quarter. Rhumbline Advisers now owns 20,470 shares of the bank’s stock valued at $560,000 after acquiring an additional 505 shares in the last quarter. 40.26% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on the stock. BidaskClub downgraded shares of First Community Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of First Community Bancshares in a report on Sunday, July 30th.

Shares of First Community Bancshares, Inc. (FCBC) opened at $29.19 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $506.54 million, a P/E ratio of 19.24 and a beta of 0.73.

First Community Bancshares (NASDAQ:FCBC) last posted its earnings results on Tuesday, October 24th. The bank reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. First Community Bancshares had a return on equity of 7.72% and a net margin of 22.32%. The business had revenue of $29.19 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, November 2nd. First Community Bancshares’s payout ratio is 45.86%.

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First Community Bancshares Profile

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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Institutional Ownership by Quarter for First Community Bancshares (NASDAQ:FCBC)

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