BidaskClub upgraded shares of First Community Bankshares (NASDAQ:FCBC) from a strong sell rating to a sell rating in a research report sent to investors on Thursday morning, BidAskClub reports.

FCBC stock traded down $0.03 during trading hours on Thursday, hitting $32.59. The company’s stock had a trading volume of 1,063 shares, compared to its average volume of 18,537. The company has a market capitalization of $521.03 million, a PE ratio of 14.55 and a beta of 0.66. First Community Bankshares has a 12 month low of $27.06 and a 12 month high of $36.48. The stock has a 50 day moving average price of $32.77 and a two-hundred day moving average price of $33.51.

First Community Bankshares (NASDAQ:FCBC) last posted its earnings results on Tuesday, July 23rd. The bank reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $31.64 million during the quarter. First Community Bankshares had a net margin of 30.26% and a return on equity of 11.07%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were issued a dividend of $0.25 per share. This is an increase from First Community Bankshares’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, August 1st.

Several hedge funds and other institutional investors have recently bought and sold shares of FCBC. Bank of America Corp DE boosted its holdings in shares of First Community Bankshares by 39.7% during the 4th quarter. Bank of America Corp DE now owns 12,489 shares of the bank’s stock worth $393,000 after buying an additional 3,547 shares during the period. Dimensional Fund Advisors LP raised its stake in First Community Bankshares by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,177,114 shares of the bank’s stock valued at $37,055,000 after purchasing an additional 14,772 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in First Community Bankshares by 300.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,276 shares of the bank’s stock valued at $109,000 after purchasing an additional 2,458 shares during the last quarter. SG Americas Securities LLC acquired a new position in First Community Bankshares during the 1st quarter valued at $143,000. Finally, Acadian Asset Management LLC raised its stake in First Community Bankshares by 1.0% during the 1st quarter. Acadian Asset Management LLC now owns 37,663 shares of the bank’s stock valued at $1,248,000 after purchasing an additional 384 shares during the last quarter. 41.61% of the stock is owned by institutional investors and hedge funds.

First Community Bankshares Company Profile

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 arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

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