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

First Community Bancshares, Inc. (NASDAQ:FCBC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $38.69 and traded as high as $45.00. First Community Bancshares shares last traded at $43.67, with a volume of 82,415 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of First Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, First Community Bancshares currently has a consensus rating of “Buy”.

First Community Bancshares Trading Up 0.8%

The stock’s 50 day moving average price is $42.60 and its two-hundred day moving average price is $38.69. The firm has a market capitalization of $824.05 million, a PE ratio of 16.48 and a beta of 0.48.

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

First Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, May 15th. First Community Bancshares’s dividend payout ratio (DPR) is currently 46.79%.

Institutional Trading of First Community Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCBC. Advisory Services Network LLC purchased a new stake in First Community Bancshares during the 3rd quarter worth about $26,000. Financial Consulate Inc. purchased a new stake in First Community Bancshares during the 4th quarter worth about $34,000. Aquatic Capital Management LLC increased its position in 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 in the last quarter. Russell Investments Group Ltd. increased its position in First Community Bancshares by 1,717.1% during the 3rd 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 First Community Bancshares by 56.0% during the 2nd 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. Hedge funds and other institutional investors 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.