Rockefeller Capital Management L.P. Grows Stock Holdings in First Community Bancshares, Inc. $FCBC

Rockefeller Capital Management L.P. grew its position in First Community Bancshares, Inc. (NASDAQ:FCBC) by 2,509.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,654 shares of the bank’s stock after buying an additional 15,054 shares during the quarter. Rockefeller Capital Management L.P. owned 0.08% of First Community Bancshares worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in First Community Bancshares by 1.2% during the 4th 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 period. Occudo Quantitative Strategies LP purchased a new stake in First Community Bancshares during the fourth quarter worth about $229,000. Millennium Management LLC increased its stake in First Community Bancshares by 73.8% during the fourth quarter. Millennium Management LLC now owns 36,250 shares of the bank’s stock worth $1,223,000 after purchasing an additional 15,391 shares during the period. AQR Capital Management LLC lifted its position in shares of First Community Bancshares by 51.8% during the fourth quarter. AQR Capital Management LLC now owns 76,204 shares of the bank’s stock worth $2,570,000 after purchasing an additional 25,990 shares in the last quarter. Finally, Mariner LLC lifted its position in shares of First Community Bancshares by 2.3% during the fourth quarter. Mariner LLC now owns 19,291 shares of the bank’s stock worth $651,000 after purchasing an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 34.95% of the company’s stock.

First Community Bancshares Price Performance

FCBC opened at $45.12 on Friday. The business has a fifty day moving average price of $43.20 and a 200 day moving average price of $40.02. First Community Bancshares, Inc. has a 12 month low of $31.21 and a 12 month high of $45.84. The stock has a market capitalization of $851.41 million, a price-to-earnings ratio of 17.03 and a beta of 0.48.

First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $78.05 million for the quarter, compared to analyst estimates of $44.20 million. First Community Bancshares had a return on equity of 10.44% and a net margin of 25.89%. On average, research analysts anticipate that First Community Bancshares, Inc. will post 2.95 earnings per share for the current year.

First Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, May 15th. First Community Bancshares’s dividend payout ratio is presently 46.79%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FCBC shares. Weiss Ratings restated a “buy (b-)” rating on shares of First Community Bancshares in a report on Thursday, June 18th. Zacks Research upgraded shares of First Community Bancshares to a “hold” rating in a report on Wednesday. Finally, Raymond James Financial initiated coverage on shares of First Community Bancshares in a report on Tuesday. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

First Community Bancshares 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.