BidaskClub downgraded shares of First Community Bancshares, Inc. (NASDAQ:FCBC) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

Separately, Keefe, Bruyette & Woods set a $27.00 price objective on First Community Bancshares and gave the company a hold rating in a report on Tuesday, April 4th.

First Community Bancshares (NASDAQ FCBC) traded up 0.44% on Tuesday, reaching $27.38. The company’s stock had a trading volume of 12,640 shares. The company has a market capitalization of $465.93 million, a price-to-earnings ratio of 18.36 and a beta of 0.71. First Community Bancshares has a 1-year low of $20.47 and a 1-year high of $31.94. The firm’s 50 day moving average price is $27.55 and its 200-day moving average price is $26.75.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The business had revenue of $27.77 million during the quarter. First Community Bancshares had a return on equity of 7.42% and a net margin of 21.56%. Equities analysts forecast that First Community Bancshares will post $1.57 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Wednesday, August 2nd. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.16. First Community Bancshares’s payout ratio is 42.95%.

In related news, President Gary R. Mills acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was acquired at an average price of $25.98 per share, with a total value of $25,980.00. Following the acquisition, the president now directly owns 16,533 shares in the company, valued at approximately $429,527.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.33% of the company’s stock.

Several institutional investors have recently modified their holdings of FCBC. Dimensional Fund Advisors LP boosted its position in shares of First Community Bancshares by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 968,016 shares of the bank’s stock valued at $24,172,000 after buying an additional 35,087 shares during the period. Systematic Financial Management LP boosted its position in shares of First Community Bancshares by 4.4% in the first quarter. Systematic Financial Management LP now owns 664,215 shares of the bank’s stock valued at $16,585,000 after buying an additional 27,709 shares during the period. Vanguard Group Inc. boosted its position in shares of First Community Bancshares by 3.8% in the first quarter. Vanguard Group Inc. now owns 565,497 shares of the bank’s stock valued at $14,120,000 after buying an additional 20,561 shares during the period. State Street Corp boosted its position in shares of First Community Bancshares by 5.3% in the fourth quarter. State Street Corp now owns 325,268 shares of the bank’s stock valued at $9,800,000 after buying an additional 16,304 shares during the period. Finally, LSV Asset Management boosted its position in shares of First Community Bancshares by 6.1% in the first quarter. LSV Asset Management now owns 274,066 shares of the bank’s stock valued at $6,843,000 after buying an additional 15,641 shares during the period. 45.63% of the stock is owned by institutional investors and hedge funds.

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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