First Community Bancshares Inc (NASDAQ:FCBC) President Gary R. Mills acquired 1,000 shares of First Community Bancshares stock in a transaction dated Tuesday, March 13th. The stock was purchased at an average cost of $29.30 per share, for a total transaction of $29,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
First Community Bancshares stock opened at $30.54 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.00 and a current ratio of 1.00. First Community Bancshares Inc has a 12-month low of $24.02 and a 12-month high of $32.24. The firm has a market cap of $518.02, a P/E ratio of 18.65 and a beta of 0.59.
First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, January 23rd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. First Community Bancshares had a net margin of 17.67% and a return on equity of 8.05%. The company had revenue of $29.68 million for the quarter.
The firm also recently disclosed a special dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a yield of 2.65%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FCBC. Acadian Asset Management LLC acquired a new position in First Community Bancshares during the fourth quarter worth $192,000. Goldman Sachs Group Inc. acquired a new position in First Community Bancshares during the second quarter worth $216,000. Stone Ridge Asset Management LLC acquired a new position in First Community Bancshares during the fourth quarter worth $217,000. MetLife Investment Advisors LLC acquired a new position in First Community Bancshares during the fourth quarter worth $243,000. Finally, Wells Fargo & Company MN raised its holdings in First Community Bancshares by 17.9% during the second quarter. Wells Fargo & Company MN now owns 14,834 shares of the bank’s stock worth $405,000 after buying an additional 2,252 shares during the last quarter. Hedge funds and other institutional investors own 40.96% of the company’s stock.
A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of First Community Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Sandler O’Neill reiterated a “hold” rating and set a $30.00 target price on shares of First Community Bancshares in a research report on Thursday, January 25th.
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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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