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

First Community Bancshares, Inc. (NASDAQ:FCBC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.54 and traded as high as $40.68. First Community Bancshares shares last traded at $40.48, with a volume of 86,681 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FCBC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Community Bancshares in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of First Community Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, November 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

First Community Bancshares Price Performance

The stock has a 50-day moving average price of $38.12 and a 200-day moving average price of $35.54. The company has a market capitalization of $772.36 million, a P/E ratio of 15.22 and a beta of 0.57.

First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, January 27th. The bank reported $0.77 earnings per share for the quarter, beating 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 10.17%. The business had revenue of $43.79 million during the quarter, compared to the consensus estimate of $43.20 million.

First Community Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.31 per share. The ex-dividend date was Friday, February 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.1%. First Community Bancshares’s dividend payout ratio is 46.62%.

Hedge Funds Weigh In On First Community Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of FCBC. Hsbc Holdings PLC boosted its position in First Community Bancshares by 1.2% during the fourth quarter. Hsbc Holdings PLC now owns 35,959 shares of the bank’s stock valued at $1,205,000 after acquiring an additional 418 shares during the last quarter. Mariner LLC boosted its position in shares of First Community Bancshares by 2.3% during the 4th quarter. Mariner LLC now owns 19,291 shares of the bank’s stock valued at $651,000 after purchasing an additional 437 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in First Community Bancshares by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock worth $382,000 after purchasing an additional 474 shares during the period. Osaic Holdings Inc. grew its stake in First Community Bancshares by 10.5% during the second 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. Finally, Aquatic Capital Management LLC increased its holdings in 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 in the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.

About First Community Bancshares

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.