BidaskClub Downgrades First Community Bancshares (FCBC) to Strong Sell

First Community Bancshares (NASDAQ:FCBC) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Separately, Sandler O’Neill reiterated a “hold” rating and issued a $30.00 price objective on shares of First Community Bancshares in a research note on Thursday.

First Community Bancshares (NASDAQ FCBC) opened at $27.47 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $459.63, a PE ratio of 16.49 and a beta of 0.73. First Community Bancshares has a 12 month low of $23.23 and a 12 month high of $32.24.

First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates 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 8.07% and a net margin of 17.67%.

A number of institutional investors and hedge funds have recently modified their holdings of FCBC. Acadian Asset Management LLC bought a new position in First Community Bancshares during the fourth quarter valued at about $192,000. UBS Asset Management Americas Inc. bought a new position in First Community Bancshares during the second quarter valued at about $213,000. Goldman Sachs Group Inc. bought a new position in First Community Bancshares during the second quarter valued at about $216,000. PNC Financial Services Group Inc. increased its stake in First Community Bancshares by 2.2% during the second quarter. PNC Financial Services Group Inc. now owns 10,000 shares of the bank’s stock valued at $274,000 after acquiring an additional 220 shares during the period. Finally, PDT Partners LLC bought a new position in First Community Bancshares during the second quarter valued at about $298,000. Hedge funds and other institutional investors own 40.47% of the company’s stock.

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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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