First Community Bancshares (NASDAQ:FCBC) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of First Community Bancshares (NASDAQ:FCBC) to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on FCBC. Weiss Ratings reissued a “buy (b-)” rating on shares of First Community Bancshares in a research report on Thursday, June 18th. Raymond James Financial started coverage on First Community Bancshares in a research report on Tuesday. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

First Community Bancshares Trading Down 1.1%

FCBC opened at $45.12 on Wednesday. The firm has a market cap of $851.41 million, a P/E ratio of 17.03 and a beta of 0.48. First Community Bancshares has a 12 month low of $31.21 and a 12 month high of $45.84. The stock has a 50-day moving average of $43.15 and a 200 day moving average of $39.98.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $78.05 million for the quarter, compared to analysts’ expectations of $44.20 million. First Community Bancshares had a return on equity of 10.44% and a net margin of 25.89%. On average, research analysts forecast that First Community Bancshares will post 2.95 earnings per share for the current fiscal year.

First Community Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.24 annualized dividend and a yield of 2.7%. First Community Bancshares’s dividend payout ratio (DPR) is presently 46.79%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new stake in shares of First Community Bancshares in the third quarter worth approximately $26,000. Financial Consulate Inc. purchased a new position in First Community Bancshares during the 4th quarter valued at $34,000. Aquatic Capital Management LLC boosted its holdings in First Community Bancshares by 78.0% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock valued at $40,000 after acquiring an additional 501 shares during the period. Russell Investments Group Ltd. grew its position in First Community Bancshares by 1,717.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,305 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in First Community Bancshares by 56.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock valued at $63,000 after acquiring an additional 577 shares during the last quarter. Institutional investors own 34.95% of the company’s stock.

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.