First Community Bancshares, Inc. (NASDAQ:FCBC) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

Separately, Keefe, Bruyette & Woods reissued a “hold” rating on shares of First Community Bancshares in a research note on Sunday, July 30th.

Shares of First Community Bancshares (NASDAQ FCBC) traded down 2.07% during mid-day trading on Friday, hitting $25.11. 18,246 shares of the stock traded hands. The stock has a market cap of $427.30 million, a price-to-earnings ratio of 16.84 and a beta of 0.71. First Community Bancshares has a 52 week low of $20.47 and a 52 week high of $31.94. The firm’s 50-day moving average is $27.25 and its 200-day moving average is $26.58.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. First Community Bancshares had a return on equity of 7.38% and a net margin of 21.56%. The firm had revenue of $27.77 million during the quarter. On average, analysts forecast that First Community Bancshares will post $1.58 earnings per share for the current year.

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In other news, President Gary R. Mills purchased 1,000 shares of First Community Bancshares stock in a transaction that occurred on Friday, July 28th. The shares were bought at an average cost of $27.38 per share, with a total value of $27,380.00. Following the completion of the purchase, the president now directly owns 16,533 shares in the company, valued at $452,673.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.33% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of First Community Bancshares by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,003,331 shares of the bank’s stock valued at $27,442,000 after buying an additional 35,315 shares during the last quarter. Systematic Financial Management LP boosted its stake in shares of First Community Bancshares by 1.9% in the second quarter. Systematic Financial Management LP now owns 676,995 shares of the bank’s stock valued at $18,516,000 after buying an additional 12,780 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of First Community Bancshares by 7.8% in the second quarter. Vanguard Group Inc. now owns 609,559 shares of the bank’s stock valued at $16,671,000 after buying an additional 44,062 shares during the last quarter. State Street Corp boosted its stake in shares of First Community Bancshares by 5.3% in the fourth quarter. State Street Corp now owns 325,268 shares of the bank’s stock valued at $9,800,000 after buying an additional 16,304 shares during the last quarter. Finally, LSV Asset Management boosted its stake in shares of First Community Bancshares by 6.1% in the first quarter. LSV Asset Management now owns 274,066 shares of the bank’s stock valued at $6,843,000 after buying an additional 15,641 shares during the last quarter. 46.23% of the stock is currently owned by institutional investors.

About First Community Bancshares

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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