Insider Buying: Samuel L. Elmore Acquires 1,000 Shares of First Community Bancshares Stock (FCBC)
First Community Bancshares (NASDAQ:FCBC) Director Samuel L. Elmore purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $15.42 per share, for a total transaction of $15,420.00. Following the completion of the acquisition, the director now directly owns 2,706 shares in the company, valued at approximately $41,727. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
First Community Bancshares (NASDAQ:FCBC) traded down 0.98% on Thursday, hitting $16.13. The stock had a trading volume of 4,261 shares. First Community Bancshares has a 52-week low of $13.31 and a 52-week high of $17.80. The stock’s 50-day moving average is $14.58 and its 200-day moving average is $15.14. The company has a market cap of $296.8 million and a price-to-earnings ratio of 13.93.
First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.06. Analysts expect that First Community Bancshares will post $1.38 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of First Community Bancshares from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a $17.50 price target on the stock.
First Community Bancshares, Inc is a financial holding company. The Company serves as the holding company for First Community Bank (NASDAQ:FCBC).
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