First Community Bancshares (NASDAQ:FCBC) Insider Acquires $17,499.93 in Stock

First Community Bancshares, Inc. (NASDAQ:FCBC) insider Derek Bonnett purchased 501 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were acquired at an average price of $34.93 per share, for a total transaction of $17,499.93. Following the purchase, the insider directly owned 501 shares in the company, valued at approximately $17,499.93. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

First Community Bancshares Trading Up 5.3%

NASDAQ FCBC traded up $1.90 on Monday, hitting $37.92. 43,294 shares of the company traded hands, compared to its average volume of 50,907. First Community Bancshares, Inc. has a 52-week low of $31.21 and a 52-week high of $45.57. The company has a market capitalization of $694.54 million, a price-to-earnings ratio of 14.26 and a beta of 0.61. The business’s 50 day moving average price is $33.93 and its 200-day moving average price is $34.94.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. The firm had revenue of $43.79 million during the quarter, compared to analysts’ expectations of $43.20 million. First Community Bancshares had a net margin of 26.32% and a return on equity of 10.16%.

First Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, February 13th. First Community Bancshares’s payout ratio is presently 46.62%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of First Community Bancshares in a report on Wednesday. Wall Street Zen raised shares of First Community Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, November 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Institutional Trading of First Community Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of First Community Bancshares by 3.4% during the second quarter. Geode Capital Management LLC now owns 402,316 shares of the bank’s stock valued at $15,761,000 after acquiring an additional 13,205 shares in the last quarter. SummerHaven Investment Management LLC bought a new stake in First Community Bancshares during the 3rd quarter valued at $721,000. Stephens Inc. AR lifted its holdings in shares of First Community Bancshares by 19.5% in the 2nd quarter. Stephens Inc. AR now owns 16,947 shares of the bank’s stock worth $664,000 after buying an additional 2,761 shares during the period. AlphaQuest LLC bought a new position in shares of First Community Bancshares during the 2nd quarter worth $49,000. Finally, City Holding Co. increased its stake in shares of First Community Bancshares by 98.5% during the third quarter. City Holding Co. now owns 1,042 shares of the bank’s stock valued at $36,000 after buying an additional 517 shares during the period. 34.95% of the stock is owned by hedge funds and other institutional investors.

First Community Bancshares Company Profile

First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.

The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.