Spark Investment Management LLC reduced its stake in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 35.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,200 shares of the bank’s stock after selling 5,100 shares during the period. Spark Investment Management LLC’s holdings in First Community Bancshares were worth $251,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in First Community Bancshares by 1.6% in the first quarter. Wells Fargo & Company MN now owns 12,582 shares of the bank’s stock valued at $314,000 after buying an additional 199 shares during the period. PNC Financial Services Group Inc. increased its position in First Community Bancshares by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 9,780 shares of the bank’s stock valued at $244,000 after buying an additional 380 shares during the period. Parametric Portfolio Associates LLC increased its position in First Community Bancshares by 0.9% in the first quarter. Parametric Portfolio Associates LLC now owns 47,877 shares of the bank’s stock valued at $1,195,000 after buying an additional 440 shares during the period. American International Group Inc. increased its position in First Community Bancshares by 7.0% in the first quarter. American International Group Inc. now owns 9,612 shares of the bank’s stock valued at $240,000 after buying an additional 626 shares during the period. Finally, Teachers Advisors LLC increased its position in First Community Bancshares by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 32,074 shares of the bank’s stock valued at $967,000 after buying an additional 1,037 shares during the period. Institutional investors and hedge funds own 46.01% of the company’s stock.

First Community Bancshares, Inc. (NASDAQ FCBC) opened at 25.66 on Wednesday. First Community Bancshares, Inc. has a 1-year low of $20.47 and a 1-year high of $31.94. The firm has a market capitalization of $436.66 million, a P/E ratio of 17.21 and a beta of 0.71. The company has a 50 day moving average of $27.20 and a 200 day moving average of $26.46.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be paid a $0.18 dividend. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, August 2nd. First Community Bancshares’s payout ratio is currently 48.32%.

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Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating on shares of First Community Bancshares in a research note on Sunday, July 30th. BidaskClub downgraded shares of First Community Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

In other news, President Gary R. Mills acquired 1,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average cost of $27.38 per share, for a total transaction of $27,380.00. Following the purchase, the president now owns 16,533 shares of the company’s stock, valued at approximately $452,673.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.33% of the company’s stock.

First Community Bancshares Company 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.

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

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