First Community Bancshares (NASDAQ:FCBC) Posts Earnings Results

First Community Bancshares (NASDAQ:FCBC) issued its quarterly earnings results on Tuesday. The bank reported $0.77 earnings per share for the quarter, FiscalAI reports. The company had revenue of $43.79 million during the quarter. First Community Bancshares had a net margin of 26.76% and a return on equity of 9.82%.

First Community Bancshares Stock Performance

Shares of First Community Bancshares stock traded down $0.09 on Tuesday, hitting $33.85. The stock had a trading volume of 27,339 shares, compared to its average volume of 48,970. The stock has a 50 day moving average of $33.72 and a 200 day moving average of $35.10. The firm has a market capitalization of $619.96 million, a P/E ratio of 12.58 and a beta of 0.61. First Community Bancshares has a twelve month low of $31.21 and a twelve month high of $45.57.

First Community Bancshares Announces Dividend

The company also recently declared a special dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued a dividend of $1.00 per share. The ex-dividend date was Friday, January 2nd. First Community Bancshares’s payout ratio is 46.10%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FCBC shares. Wall Street Zen raised First Community Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, November 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Community Bancshares in a research report on Friday, October 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On First Community Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP bought a new stake in First Community Bancshares in the 3rd quarter valued at about $1,366,000. Vanguard Group Inc. increased its holdings in shares of First Community Bancshares by 3.3% during the third quarter. Vanguard Group Inc. now owns 1,052,046 shares of the bank’s stock valued at $36,611,000 after acquiring an additional 33,184 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of First Community Bancshares during the first quarter worth approximately $976,000. SummerHaven Investment Management LLC bought a new position in shares of First Community Bancshares in the 3rd quarter worth $721,000. Finally, Truist Financial Corp acquired a new stake in First Community Bancshares in the 3rd quarter valued at $468,000. 34.95% of the stock is currently owned by institutional investors and hedge funds.

First Community Bancshares Company Profile

First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.

The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.