First Community Bancshares, Inc. (NASDAQ:FCBC) posted its quarterly earnings results on Tuesday. The bank reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01, Bloomberg Earnings reports. First Community Bancshares had a net margin of 21.17% and a return on equity of 7.46%. The business had revenue of $27.77 million for the quarter.

First Community Bancshares (NASDAQ:FCBC) traded up 0.11% during trading on Wednesday, hitting $27.84. 4,352 shares of the stock were exchanged. The stock has a 50 day moving average price of $27.37 and a 200-day moving average price of $26.77. The firm has a market capitalization of $473.53 million, a PE ratio of 18.93 and a beta of 0.71. First Community Bancshares has a 12-month low of $20.47 and a 12-month high of $31.94.

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In related news, President Gary R. Mills acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were acquired at an average cost of $25.98 per share, with a total value of $25,980.00. Following the transaction, the president now owns 16,533 shares of the company’s stock, valued at approximately $429,527.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 1,200 shares of company stock worth $31,125 over the last ninety days. 3.33% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in First Community Bancshares by 1.6% in the first quarter. Wells Fargo & Company MN now owns 12,582 shares of the bank’s stock valued at $314,000 after buying an additional 199 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in First Community Bancshares by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 9,780 shares of the bank’s stock valued at $244,000 after buying an additional 380 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in First Community Bancshares by 0.9% in the first quarter. Parametric Portfolio Associates LLC now owns 47,877 shares of the bank’s stock valued at $1,195,000 after buying an additional 440 shares in the last quarter. American International Group Inc. boosted its stake in First Community Bancshares by 7.0% in the first quarter. American International Group Inc. now owns 9,612 shares of the bank’s stock valued at $240,000 after buying an additional 626 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in First Community Bancshares by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 32,074 shares of the bank’s stock valued at $967,000 after buying an additional 1,037 shares in the last quarter. 45.63% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on FCBC. BidaskClub downgraded shares of First Community Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday. Keefe, Bruyette & Woods set a $27.00 price target on shares of First Community Bancshares and gave the stock a “hold” rating in a research note on Tuesday, April 4th.

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.

Earnings History for First Community Bancshares (NASDAQ:FCBC)

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