First Community Bancshares Inc (NASDAQ:FCBC) CFO David D. Brown Sells 965 Shares

First Community Bancshares Inc (NASDAQ:FCBC) CFO David D. Brown sold 965 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $29.51, for a total value of $28,477.15. Following the transaction, the chief financial officer now owns 9,636 shares of the company’s stock, valued at $284,358.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NASDAQ FCBC traded up $0.16 during midday trading on Friday, hitting $30.54. 37,045 shares of the company’s stock were exchanged, compared to its average volume of 40,927. 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 twelve month low of $24.02 and a twelve month high of $32.24. The firm has a market capitalization of $517.35, a PE ratio of 18.62 and a beta of 0.59.

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First Community Bancshares (NASDAQ:FCBC) last issued its 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 business 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 company also recently declared a special dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were paid 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 large investors have recently added to or reduced their stakes in FCBC. Acadian Asset Management LLC purchased a new position in First Community Bancshares during the 4th quarter worth approximately $192,000. Goldman Sachs Group Inc. purchased a new position in First Community Bancshares during the 2nd quarter worth approximately $216,000. Stone Ridge Asset Management LLC purchased a new position in First Community Bancshares during the 4th quarter worth approximately $217,000. MetLife Investment Advisors LLC purchased a new position in First Community Bancshares during the 4th quarter worth approximately $243,000. Finally, Wells Fargo & Company MN grew its stake in shares of First Community Bancshares by 17.9% in the 2nd quarter. Wells Fargo & Company MN now owns 14,834 shares of the bank’s stock valued at $405,000 after purchasing 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 equities research analysts have issued reports on FCBC shares. BidaskClub raised First Community Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Sandler O’Neill reaffirmed a “hold” rating and issued a $30.00 price target 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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