Menta Capital LLC acquired a new stake in First Community Bancshares, Inc. (NASDAQ:FCBC) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,501 shares of the bank’s stock, valued at approximately $506,000. Menta Capital LLC owned 0.11% of First Community Bancshares as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. bought a new stake in First Community Bancshares in the 2nd quarter valued at about $213,000. Trexquant Investment LP bought a new stake in First Community Bancshares in the 1st quarter valued at about $232,000. American International Group Inc. raised its stake in First Community Bancshares by 7.0% in the 1st quarter. American International Group Inc. now owns 9,612 shares of the bank’s stock valued at $240,000 after acquiring an additional 626 shares during the period. PNC Financial Services Group Inc. raised its stake in First Community Bancshares by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,780 shares of the bank’s stock valued at $244,000 after acquiring an additional 380 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in First Community Bancshares by 251.6% in the 1st quarter. Russell Investments Group Ltd. now owns 10,900 shares of the bank’s stock valued at $272,000 after acquiring an additional 7,800 shares during the period. Institutional investors and hedge funds own 40.26% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating on shares of First Community Bancshares in a research note on Sunday, July 30th. BidaskClub cut First Community Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.

In other news, President Gary R. Mills bought 1,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were acquired at an average cost of $27.38 per share, with a total value of $27,380.00. Following the completion of the transaction, the president now owns 16,533 shares of the company’s stock, valued at approximately $452,673.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.33% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Menta Capital LLC Takes Position in First Community Bancshares, Inc. (FCBC)” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.watchlistnews.com/menta-capital-llc-takes-position-in-first-community-bancshares-inc-fcbc/1600599.html.

Shares of First Community Bancshares, Inc. (FCBC) opened at 29.11 on Friday. First Community Bancshares, Inc. has a 12 month low of $20.47 and a 12 month high of $31.94. The stock’s 50 day moving average price is $25.93 and its 200 day moving average price is $26.12. The company has a market capitalization of $495.36 million, a PE ratio of 19.52 and a beta of 0.71.

First Community Bancshares (NASDAQ:FCBC) last announced its earnings results on Tuesday, July 25th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $27.77 million for the quarter. First Community Bancshares had a return on equity of 7.38% and a net margin of 21.56%. On average, analysts forecast that First Community Bancshares, Inc. will post $1.58 EPS for the current year.

First Community Bancshares Profile

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.

Institutional Ownership by Quarter for First Community Bancshares (NASDAQ:FCBC)

Receive News & Ratings for First Community Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Community Bancshares Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.