First Community Bancshares (NASDAQ:FCBC) Stock Price Down 4.6% – Time to Sell?

First Community Bancshares, Inc. (NASDAQ:FCBC)’s share price dropped 4.6% during trading on Friday . The company traded as low as $34.74 and last traded at $34.6050. Approximately 15,280 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 43,188 shares. The stock had previously closed at $36.27.

Analyst Upgrades and Downgrades

FCBC has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Community Bancshares in a report on Friday, October 31st. Wall Street Zen upgraded shares of First Community Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, November 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

First Community Bancshares Stock Performance

The stock has a market cap of $631.12 million, a PE ratio of 12.81 and a beta of 0.61. The company’s 50-day moving average price is $33.25 and its 200 day moving average price is $36.09.

First Community Bancshares (NASDAQ:FCBC) last announced its earnings results on Tuesday, October 28th. The bank reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. First Community Bancshares had a net margin of 26.76% and a return on equity of 9.82%. The company had revenue of $42.19 million during the quarter, compared to analyst estimates of $40.40 million.

First Community Bancshares Dividend Announcement

The business also recently announced a special dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, January 2nd. First Community Bancshares’s dividend payout ratio (DPR) is currently 46.10%.

Institutional Trading of First Community Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in shares of First Community Bancshares in the third quarter worth about $25,000. Advisory Services Network LLC bought a new stake in First Community Bancshares during the 3rd quarter worth approximately $26,000. City Holding Co. lifted its holdings in First Community Bancshares by 98.5% during the third quarter. City Holding Co. now owns 1,042 shares of the bank’s stock valued at $36,000 after purchasing an additional 517 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of First Community Bancshares in the third quarter worth approximately $37,000. Finally, Aquatic Capital Management LLC boosted its position in shares of First Community Bancshares by 78.0% in the third quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock worth $40,000 after purchasing an additional 501 shares during the period. Hedge funds and other institutional investors own 34.95% of the company’s stock.

First Community Bancshares Company Profile

First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.

The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.