First Community Bancshares (NASDAQ:FCBC) Stock Passes Above 200 Day Moving Average – Here’s Why

First Community Bancshares, Inc. (NASDAQ:FCBC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.11 and traded as high as $40.68. First Community Bancshares shares last traded at $40.50, with a volume of 97,258 shares changing hands.

Analyst Ratings Changes

FCBC has been the subject of several research analyst reports. Wall Street Zen raised shares of First Community Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, November 29th. Weiss Ratings restated a “hold (c)” rating on shares of First Community Bancshares in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

First Community Bancshares Price Performance

The firm has a market cap of $741.96 million, a P/E ratio of 15.23 and a beta of 0.61. The company’s 50-day simple moving average is $35.86 and its 200 day simple moving average is $35.11.

First Community Bancshares (NASDAQ:FCBC) last posted its earnings results on Tuesday, January 27th. The bank reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. First Community Bancshares had a net margin of 26.32% and a return on equity of 10.16%. The firm had revenue of $43.79 million for the quarter, compared to the consensus estimate of $43.20 million.

First Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, February 13th. First Community Bancshares’s dividend payout ratio (DPR) is presently 46.62%.

Institutional Trading of First Community Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mariner LLC lifted its position in First Community Bancshares by 2.3% in the fourth quarter. Mariner LLC now owns 19,291 shares of the bank’s stock worth $651,000 after buying an additional 437 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of First Community Bancshares by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock worth $382,000 after acquiring an additional 474 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of First Community Bancshares by 10.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank’s stock worth $206,000 after purchasing an additional 499 shares during the period. Aquatic Capital Management LLC boosted its stake in shares of First Community Bancshares by 78.0% during the 3rd 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. Finally, City Holding Co. raised its position in First Community Bancshares by 98.5% in the 3rd quarter. City Holding Co. now owns 1,042 shares of the bank’s stock worth $36,000 after purchasing an additional 517 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.