Keefe, Bruyette & Woods reaffirmed their hold rating on shares of First Community Bancshares, Inc. (NASDAQ:FCBC) in a research note published on Sunday, July 30th.

Separately, BidaskClub cut First Community Bancshares from a hold rating to a sell rating in a research note on Tuesday, July 25th.

Shares of First Community Bancshares (NASDAQ:FCBC) opened at 26.70 on Friday. The stock has a market capitalization of $454.35 million, a P/E ratio of 17.91 and a beta of 0.71. First Community Bancshares has a 1-year low of $20.47 and a 1-year high of $31.94. The firm’s 50-day moving average is $27.43 and its 200 day moving average is $26.68.

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, topping analysts’ consensus estimates 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 company had revenue of $27.77 million for the quarter. On average, analysts expect that First Community Bancshares will post $1.58 EPS for the current fiscal year.

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The firm also recently declared 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 represents a $0.72 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.16. First Community Bancshares’s dividend payout ratio is 48.32%.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virginia Retirement Systems ET AL raised its position in shares of First Community Bancshares by 17.4% in the first quarter. Virginia Retirement Systems ET AL now owns 18,900 shares of the bank’s stock worth $472,000 after buying an additional 2,800 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of First Community Bancshares by 0.9% in the first quarter. Parametric Portfolio Associates LLC now owns 47,877 shares of the bank’s stock worth $1,195,000 after buying an additional 440 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of First Community Bancshares by 12.1% in the first quarter. Bank of New York Mellon Corp now owns 115,964 shares of the bank’s stock worth $2,896,000 after buying an additional 12,553 shares in the last quarter. LSV Asset Management raised its position in shares of First Community Bancshares by 6.1% in the first quarter. LSV Asset Management now owns 274,066 shares of the bank’s stock worth $6,843,000 after buying an additional 15,641 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of First Community Bancshares by 1.6% in the first quarter. Wells Fargo & Company MN now owns 12,582 shares of the bank’s stock worth $314,000 after buying an additional 199 shares in the last quarter. 46.23% of the stock is currently owned by hedge funds and other institutional investors.

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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