Zacks Research Upgrades First Community Bancshares (NASDAQ:FCBC) to Hold

First Community Bancshares (NASDAQ:FCBC) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

FCBC has been the subject of a number of other research reports. Raymond James Financial began coverage on First Community Bancshares in a report on Tuesday. They issued a “market perform” rating for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of First Community Bancshares in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

First Community Bancshares Stock Performance

FCBC opened at $45.12 on Wednesday. First Community Bancshares has a fifty-two week low of $31.21 and a fifty-two week high of $45.84. The company has a fifty day moving average of $43.15 and a two-hundred day moving average of $39.98. The stock has a market capitalization of $851.41 million, a price-to-earnings ratio of 17.03 and a beta of 0.48.

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

Institutional Trading of First Community Bancshares

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

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.