First Community Bancshares (NASDAQ:FCBC) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of First Community Bancshares, Inc. (NASDAQ:FCBCGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.84 and traded as high as $39.97. First Community Bancshares shares last traded at $39.63, with a volume of 245,464 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered First Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th.

Get Our Latest Stock Analysis on FCBC

First Community Bancshares Trading Up 0.5%

The firm’s 50 day moving average price is $38.34 and its 200-day moving average price is $39.84. The company has a market cap of $724.44 million, a P/E ratio of 14.31 and a beta of 0.60.

First Community Bancshares (NASDAQ:FCBCGet Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). First Community Bancshares had a net margin of 27.24% and a return on equity of 10.09%. The business had revenue of $40.53 million during the quarter, compared to analyst estimates of $40.50 million.

First Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Friday, May 9th. First Community Bancshares’s dividend payout ratio (DPR) is currently 44.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in First Community Bancshares by 5.9% in the first quarter. Vanguard Group Inc. now owns 1,000,510 shares of the bank’s stock valued at $37,709,000 after purchasing an additional 55,632 shares during the last quarter. Systematic Financial Management LP grew its position in shares of First Community Bancshares by 2.0% during the 4th quarter. Systematic Financial Management LP now owns 542,599 shares of the bank’s stock worth $22,594,000 after buying an additional 10,855 shares during the period. Northern Trust Corp increased its stake in shares of First Community Bancshares by 6.9% in the 4th quarter. Northern Trust Corp now owns 168,347 shares of the bank’s stock valued at $7,010,000 after acquiring an additional 10,819 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of First Community Bancshares by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank’s stock valued at $5,734,000 after acquiring an additional 918 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of First Community Bancshares by 134.5% in the 4th quarter. JPMorgan Chase & Co. now owns 73,000 shares of the bank’s stock valued at $3,040,000 after acquiring an additional 41,867 shares during the period. 34.95% of the stock is currently owned by institutional investors.

First Community Bancshares Company Profile

(Get Free Report)

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 plans; and commercial, consumer real estate, and consumer and other loans.

Further Reading

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