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

First Community Bancshares, Inc. (NASDAQ:FCBC) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $39.14 and traded as high as $43.31. First Community Bancshares shares last traded at $43.06, with a volume of 90,294 shares traded.

Analyst Upgrades and Downgrades

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

First Community Bancshares Stock Performance

The business’s fifty day moving average price is $42.80 and its 200-day moving average price is $39.14. The stock has a market cap of $812.54 million, a PE ratio of 16.25 and a beta of 0.48.

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

First Community Bancshares Announces Dividend

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

Hedge Funds Weigh In On First Community Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of First Community Bancshares by 87.3% in the first quarter. AQR Capital Management LLC now owns 18,145 shares of the bank’s stock worth $684,000 after acquiring an additional 8,457 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in First Community Bancshares by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after acquiring an additional 474 shares during the period. Jane Street Group LLC purchased a new position in First Community Bancshares in the first quarter worth about $976,000. Legal & General Group Plc boosted its position in First Community Bancshares by 17.4% in the second quarter. Legal & General Group Plc now owns 16,659 shares of the bank’s stock worth $653,000 after purchasing an additional 2,468 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of First Community Bancshares by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 41,198 shares of the bank’s stock valued at $1,614,000 after purchasing an additional 2,582 shares during the period. 34.95% of the stock is owned by institutional investors.

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.