BidaskClub lowered shares of First Community Bancshares (NASDAQ:FCBC) from a hold rating to a sell rating in a report issued on Friday.

First Community Bancshares (NASDAQ:FCBC) opened at $29.61 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.14. First Community Bancshares has a twelve month low of $23.23 and a twelve month high of $32.24. The stock has a market capitalization of $508.09, a PE ratio of 18.86 and a beta of 0.72.

First Community Bancshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. First Community Bancshares had a return on equity of 7.67% and a net margin of 22.32%. The business had revenue of $29.19 million during the quarter.

A number of large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in First Community Bancshares by 2.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,000 shares of the bank’s stock worth $274,000 after purchasing an additional 220 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in First Community Bancshares by 0.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 82,507 shares of the bank’s stock worth $2,257,000 after purchasing an additional 342 shares during the last quarter. Virginia Retirement Systems ET AL raised its holdings in First Community Bancshares by 2.1% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 19,300 shares of the bank’s stock worth $528,000 after purchasing an additional 400 shares during the last quarter. Rhumbline Advisers raised its holdings in First Community Bancshares by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 20,470 shares of the bank’s stock worth $560,000 after purchasing an additional 505 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in First Community Bancshares by 1.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 48,431 shares of the bank’s stock worth $1,325,000 after purchasing an additional 554 shares during the last quarter. 40.35% of the stock is owned by hedge funds and other institutional investors.

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First Community Bancshares Company 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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