Prudential Financial Inc. trimmed its position in shares of First Community Bankshares Inc (NASDAQ:FCBC) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 93,046 shares of the bank’s stock after selling 9,519 shares during the period. Prudential Financial Inc. owned 0.57% of First Community Bankshares worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Chicago Equity Partners LLC grew its holdings in First Community Bankshares by 9.8% during the fourth quarter. Chicago Equity Partners LLC now owns 15,070 shares of the bank’s stock valued at $474,000 after purchasing an additional 1,340 shares during the period. BB&T Corp grew its holdings in First Community Bankshares by 14.9% during the fourth quarter. BB&T Corp now owns 20,237 shares of the bank’s stock valued at $637,000 after purchasing an additional 2,617 shares during the period. Northern Trust Corp grew its holdings in First Community Bankshares by 2.4% during the second quarter. Northern Trust Corp now owns 197,266 shares of the bank’s stock valued at $6,285,000 after purchasing an additional 4,700 shares during the period. MetLife Investment Advisors LLC grew its holdings in First Community Bankshares by 57.9% during the third quarter. MetLife Investment Advisors LLC now owns 13,371 shares of the bank’s stock valued at $453,000 after purchasing an additional 4,901 shares during the period. Finally, First Trust Advisors LP grew its holdings in First Community Bankshares by 14.1% during the third quarter. First Trust Advisors LP now owns 46,132 shares of the bank’s stock valued at $1,563,000 after purchasing an additional 5,703 shares during the period. 41.87% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ FCBC opened at $34.57 on Friday. First Community Bankshares Inc has a 1-year low of $27.06 and a 1-year high of $36.48. The firm has a market cap of $546.17 million, a price-to-earnings ratio of 15.58 and a beta of 0.68.
First Community Bankshares (NASDAQ:FCBC) last announced its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. First Community Bankshares had a return on equity of 11.17% and a net margin of 29.02%. The business had revenue of $30.18 million during the quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, February 1st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, January 31st.
Separately, BidaskClub raised First Community Bankshares from a “hold” rating to a “buy” rating in a report on Saturday, January 19th.
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About First Community Bankshares
First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.
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