BidaskClub cut shares of First Community Bancshares (NASDAQ:FCBC) from a buy rating to a hold rating in a research report report published on Thursday.

Shares of FCBC opened at $34.22 on Thursday. The company has a market capitalization of $567.20 million, a P/E ratio of 17.46 and a beta of 0.63. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15. First Community Bancshares has a 1-year low of $25.85 and a 1-year high of $36.09.

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in FCBC. Dalton Greiner Hartman Maher & Co. raised its stake in First Community Bancshares by 50.6% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 145,614 shares of the bank’s stock valued at $4,639,000 after purchasing an additional 48,906 shares in the last quarter. Systematic Financial Management LP raised its stake in First Community Bancshares by 7.0% in the second quarter. Systematic Financial Management LP now owns 691,035 shares of the bank’s stock valued at $22,016,000 after purchasing an additional 44,995 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in First Community Bancshares by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,130,074 shares of the bank’s stock valued at $36,005,000 after purchasing an additional 41,678 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of First Community Bancshares during the second quarter worth approximately $832,000. Finally, Renaissance Technologies LLC raised its stake in shares of First Community Bancshares by 10.8% during the second quarter. Renaissance Technologies LLC now owns 243,496 shares of the bank’s stock worth $7,758,000 after acquiring an additional 23,696 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

First Community Bancshares Company Profile

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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