First Community Bancshares (NASDAQ:FCBC) Share Price Passes Above 200-Day Moving Average – Here’s Why

First Community Bancshares, Inc. (NASDAQ:FCBC) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.11 and traded as high as $40.68. First Community Bancshares shares last traded at $40.50, with a volume of 97,258 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FCBC. Wall Street Zen upgraded shares of First Community Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, November 29th. Weiss Ratings restated a “hold (c)” rating on shares of First Community Bancshares in a research note on Wednesday, January 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, First Community Bancshares has a consensus rating of “Hold”.

First Community Bancshares Stock Performance

The firm’s 50 day moving average is $35.86 and its 200-day moving average is $35.10. The stock has a market capitalization of $741.96 million, a price-to-earnings ratio of 15.23 and a beta of 0.61.

First Community Bancshares (NASDAQ:FCBC) last posted its earnings results on Tuesday, January 27th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.10. The business had revenue of $43.79 million for the quarter, compared to analyst estimates 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, February 13th. First Community Bancshares’s payout ratio is presently 46.62%.

Institutional Trading of First Community Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of FCBC. Mariner LLC lifted its stake in First Community Bancshares by 2.3% in the 4th quarter. Mariner LLC now owns 19,291 shares of the bank’s stock valued at $651,000 after buying an additional 437 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of First Community Bancshares by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after acquiring an additional 474 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of First Community Bancshares by 10.5% in the second quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank’s stock valued at $206,000 after acquiring an additional 499 shares in the last quarter. Aquatic Capital Management LLC boosted its stake in shares of First Community Bancshares by 78.0% in the third quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock worth $40,000 after acquiring an additional 501 shares during the last quarter. Finally, City Holding Co. increased its position 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 worth $36,000 after purchasing an additional 517 shares in the last quarter. Hedge funds and other institutional investors own 34.95% of the company’s stock.

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.