First Community Bancshares, Inc. (FCBC) Position Increased by Vanguard Group Inc.
Vanguard Group Inc. boosted its stake in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 565,497 shares of the bank’s stock after buying an additional 20,561 shares during the period. Vanguard Group Inc. owned approximately 3.32% of First Community Bancshares worth $14,120,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. UBS Asset Management Americas Inc. purchased a new stake in shares of First Community Bancshares during the fourth quarter valued at $235,000. Trexquant Investment LP purchased a new stake in shares of First Community Bancshares during the first quarter valued at $232,000. American International Group Inc. increased its stake in shares of First Community Bancshares by 7.0% in the first quarter. American International Group Inc. now owns 9,612 shares of the bank’s stock valued at $240,000 after buying an additional 626 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of First Community Bancshares by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 9,780 shares of the bank’s stock valued at $244,000 after buying an additional 380 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of First Community Bancshares by 251.6% in the first quarter. Russell Investments Group Ltd. now owns 10,900 shares of the bank’s stock valued at $272,000 after buying an additional 7,800 shares in the last quarter. 40.26% of the stock is currently owned by institutional investors and hedge funds.
First Community Bancshares, Inc. (NASDAQ FCBC) traded down 0.47% on Monday, reaching $25.44. 3,937 shares of the company traded hands. The stock has a market capitalization of $432.91 million, a price-to-earnings ratio of 17.06 and a beta of 0.71. First Community Bancshares, Inc. has a 1-year low of $20.47 and a 1-year high of $31.94. The stock has a 50 day moving average of $26.69 and a 200-day moving average of $26.31.
First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. First Community Bancshares had a return on equity of 7.38% and a net margin of 21.56%. The firm had revenue of $27.77 million for the quarter. On average, equities analysts anticipate that First Community Bancshares, Inc. will post $1.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.82%. This is a positive change from First Community Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, August 2nd. First Community Bancshares’s dividend payout ratio (DPR) is presently 48.32%.
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Several brokerages have recently weighed in on FCBC. BidaskClub downgraded shares of First Community Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of First Community Bancshares in a research note on Sunday, July 30th.
In other news, President Gary R. Mills acquired 1,000 shares of First Community Bancshares stock in a transaction dated Friday, July 28th. The shares were acquired at an average cost of $27.38 per share, with a total value of $27,380.00. Following the purchase, the president now directly owns 16,533 shares of the company’s stock, valued at approximately $452,673.54. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.33% of the stock is currently owned by company insiders.
About First Community Bancshares
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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