one8zero8 LLC Invests $546,000 in First Community Bancshares, Inc. $FCBC

one8zero8 LLC bought a new stake in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,281 shares of the bank’s stock, valued at approximately $546,000. one8zero8 LLC owned approximately 0.07% of First Community Bancshares at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in First Community Bancshares during the second quarter worth $25,000. Advisory Services Network LLC purchased a new position in First Community Bancshares in the third quarter valued at $26,000. Aquatic Capital Management LLC increased its holdings in First Community Bancshares by 78.0% in the third quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock valued at $40,000 after buying an additional 501 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of First Community Bancshares by 1,717.1% in the third quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock worth $48,000 after acquiring an additional 1,305 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of First Community Bancshares by 56.0% in the second quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock worth $63,000 after acquiring an additional 577 shares during the period. 34.95% of the stock is currently owned by institutional investors and hedge funds.

First Community Bancshares Stock Down 1.3%

Shares of NASDAQ FCBC opened at $48.56 on Thursday. The firm has a market cap of $918.27 million, a price-to-earnings ratio of 15.32 and a beta of 0.48. The company’s 50-day simple moving average is $45.98 and its 200-day simple moving average is $43.04. First Community Bancshares, Inc. has a 52-week low of $31.21 and a 52-week high of $50.00.

First Community Bancshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $81.71 million during the quarter, compared to the consensus estimate of $51.20 million. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.67%. Equities research analysts anticipate that First Community Bancshares, Inc. will post 3.04 EPS for the current fiscal year.

First Community Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, August 7th. This is an increase from First Community Bancshares’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. First Community Bancshares’s payout ratio is currently 41.64%.

Analyst Ratings Changes

FCBC has been the topic of a number of analyst reports. Raymond James Financial started coverage on First Community Bancshares in a research report on Tuesday, June 30th. They set a “market perform” rating on the stock. Weiss Ratings raised First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Zacks Research upgraded First Community Bancshares to a “hold” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, First Community Bancshares presently has an average rating of “Hold”.

Insider Activity at First Community Bancshares

In other news, President Gary R. Mills sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.67, for a total value of $166,845.00. Following the transaction, the president owned 5,798 shares in the company, valued at $276,390.66. This trade represents a 37.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.66% of the stock is owned by insiders.

About First Community Bancshares

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.