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

First Community Bancshares, Inc. (NASDAQ:FCBC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.24 and traded as high as $43.52. First Community Bancshares shares last traded at $42.37, with a volume of 142,724 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised First Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

First Community Bancshares Price Performance

The stock has a 50-day moving average price of $42.34 and a 200 day moving average price of $38.24. The firm has a market cap of $799.39 million, a price-to-earnings ratio of 15.99 and a beta of 0.48.

First Community Bancshares (NASDAQ:FCBC) last posted its earnings results on Tuesday, April 28th. The bank reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. First Community Bancshares had a return on equity of 10.44% and a net margin of 25.89%.The business had revenue of $78.05 million for the quarter, compared to analysts’ expectations of $44.20 million.

First Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.31 per share. The ex-dividend date was Friday, May 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.9%. First Community Bancshares’s payout ratio is 46.79%.

Institutional Trading of First Community Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of First Community Bancshares during the third quarter worth about $26,000. Financial Consulate Inc. acquired a new stake in shares of First Community Bancshares during the fourth quarter worth about $34,000. Aquatic Capital Management LLC increased its position in shares of First Community Bancshares by 78.0% during 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. Russell Investments Group Ltd. increased its position in shares of First Community Bancshares by 1,717.1% during the third quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock worth $48,000 after purchasing an additional 1,305 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of First Community Bancshares by 56.0% during the second quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock worth $63,000 after purchasing an additional 577 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.