First Community Bancshares, Inc. $FCBC Position Trimmed by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 22.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,516 shares of the bank’s stock after selling 3,132 shares during the period. Intech Investment Management LLC owned 0.06% of First Community Bancshares worth $412,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FCBC. Vanguard Group Inc. grew its position in shares of First Community Bancshares by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 1,000,510 shares of the bank’s stock valued at $37,709,000 after buying an additional 55,632 shares during the last quarter. Nuveen LLC bought a new position in shares of First Community Bancshares during the first quarter valued at approximately $1,849,000. Jane Street Group LLC acquired a new stake in shares of First Community Bancshares during the 1st quarter worth approximately $976,000. Geode Capital Management LLC lifted its holdings in shares of First Community Bancshares by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 402,316 shares of the bank’s stock worth $15,761,000 after purchasing an additional 13,205 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of First Community Bancshares by 87.3% in the 1st quarter. AQR Capital Management LLC now owns 18,145 shares of the bank’s stock worth $684,000 after purchasing an additional 8,457 shares during the last quarter. 34.95% of the stock is currently owned by institutional investors.

First Community Bancshares Stock Performance

Shares of FCBC stock opened at $33.29 on Friday. First Community Bancshares, Inc. has a 1 year low of $31.21 and a 1 year high of $47.12. The firm has a market capitalization of $609.71 million, a PE ratio of 12.38 and a beta of 0.65. The stock has a fifty day moving average of $33.39 and a two-hundred day moving average of $36.52.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $42.19 million for the quarter, compared to analysts’ expectations of $40.40 million. First Community Bancshares had a net margin of 26.76% and a return on equity of 9.83%.

First Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, November 14th. First Community Bancshares’s dividend payout ratio is currently 46.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen raised First Community Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Community Bancshares in a report on Friday, October 31st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, First Community Bancshares presently has an average rating of “Hold”.

About First Community Bancshares

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans; and commercial, consumer real estate, and consumer and other loans.