First Community Bancshares (NASDAQ:FCBC) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Shares of FCBC opened at $34.39 on Friday. First Community Bancshares has a 12-month low of $25.10 and a 12-month high of $36.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $570.01 million, a P/E ratio of 17.55 and a beta of 0.63.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, July 24th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. First Community Bancshares had a return on equity of 9.65% and a net margin of 21.33%. The firm had revenue of $29.28 million for the quarter.

In related news, COO E Stephen Lilly sold 8,629 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $32.92, for a total transaction of $284,066.68. Following the transaction, the chief operating officer now directly owns 17,926 shares in the company, valued at $590,123.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.41% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of First Community Bancshares in the 1st quarter valued at approximately $120,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of First Community Bancshares in the 2nd quarter valued at approximately $205,000. Signaturefd LLC bought a new stake in shares of First Community Bancshares in the 2nd quarter valued at approximately $231,000. Lincoln National Corp bought a new stake in shares of First Community Bancshares in the 1st quarter valued at approximately $250,000. Finally, Citadel Advisors LLC bought a new stake in shares of First Community Bancshares in the 2nd quarter valued at approximately $438,000. Institutional investors own 42.43% of the company’s stock.

About First Community Bancshares

First Community Bancshares, Inc operates as the holding company for First Community Bank that provides various commercial banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

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