JPMorgan Chase & Co. decreased its stake in First Community Bancshares, Inc. (NASDAQ:FCBC) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,357 shares of the bank’s stock after selling 15,354 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.55% of First Community Bancshares worth $7,230,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Trexquant Investment LP bought a new stake in First Community Bancshares in the first quarter valued at $232,000. American International Group Inc. raised its stake in First Community Bancshares by 7.0% during the first quarter. American International Group Inc. now owns 9,612 shares of the bank’s stock worth $240,000 after acquiring an additional 626 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in First Community Bancshares by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 9,780 shares of the bank’s stock worth $244,000 after acquiring an additional 380 shares in the last quarter. Russell Investments Group Ltd. raised its stake in First Community Bancshares by 251.6% during the first quarter. Russell Investments Group Ltd. now owns 10,900 shares of the bank’s stock worth $272,000 after acquiring an additional 7,800 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in First Community Bancshares by 1.6% during the first quarter. Wells Fargo & Company MN now owns 12,582 shares of the bank’s stock worth $314,000 after acquiring an additional 199 shares in the last quarter. 40.26% of the stock is currently owned by institutional investors and hedge funds.

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In other First Community Bancshares news, President Gary R. Mills purchased 1,000 shares of the stock in a transaction dated Friday, July 28th. The stock was bought at an average price of $27.38 per share, with a total value of $27,380.00. Following the acquisition, the president now owns 16,533 shares of the company’s stock, valued at $452,673.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.33% of the company’s stock.

First Community Bancshares, Inc. (FCBC) opened at 29.81 on Tuesday. First Community Bancshares, Inc. has a 52-week low of $20.47 and a 52-week high of $31.94. The firm has a market capitalization of $507.28 million, a price-to-earnings ratio of 19.99 and a beta of 0.73. The firm has a 50-day moving average of $26.43 and a 200-day moving average of $26.29.

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

FCBC has been the subject of a number of analyst reports. BidaskClub cut First Community Bancshares from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods restated a “hold” rating on shares of First Community Bancshares in a research note on Sunday, July 30th.

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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