First Community Bancshares Inc (NASDAQ:FCBC) CFO David D. Brown sold 965 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $29.51, for a total value of $28,477.15. Following the completion of the sale, the chief financial officer now owns 9,636 shares in the company, valued at approximately $284,358.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
First Community Bancshares Inc (FCBC) traded up $0.42 during trading on Friday, hitting $30.34. The company had a trading volume of 90,380 shares, compared to its average volume of 25,786. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $506.84, a P/E ratio of 24.08 and a beta of 0.68. First Community Bancshares Inc has a 52 week low of $23.23 and a 52 week high of $32.24.
First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $29.68 million for the quarter. First Community Bancshares had a return on equity of 8.05% and a net margin of 17.67%.
The firm also recently announced a special dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a yield of 2.65%. First Community Bancshares’s dividend payout ratio is 57.14%.
FCBC has been the topic of several recent research reports. BidaskClub downgraded First Community Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Sandler O’Neill restated a “hold” rating and issued a $30.00 price target on shares of First Community Bancshares in a research note on Thursday, January 25th.
A number of institutional investors and hedge funds have recently modified their holdings of FCBC. Acadian Asset Management LLC purchased a new stake in First Community Bancshares during the 4th quarter valued at $192,000. Goldman Sachs Group Inc. purchased a new stake in First Community Bancshares during the 2nd quarter valued at $216,000. Stone Ridge Asset Management LLC purchased a new stake in First Community Bancshares during the 4th quarter valued at $217,000. MetLife Investment Advisors LLC purchased a new stake in First Community Bancshares during the 4th quarter valued at $243,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of First Community Bancshares by 17.9% during the 2nd quarter. Wells Fargo & Company MN now owns 14,834 shares of the bank’s stock valued at $405,000 after buying an additional 2,252 shares during the period. Institutional investors and hedge funds own 41.09% of the company’s stock.
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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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