First Community Bancshares (NASDAQ:FCBC) Shares Pass Above 200 Day Moving Average – Time to Sell?

First Community Bancshares, Inc. (NASDAQ:FCBC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.43 and traded as high as $44.52. First Community Bancshares shares last traded at $43.94, with a volume of 52,136 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FCBC. Zacks Research raised First Community Bancshares to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of First Community Bancshares in a research note on Thursday, June 18th. Finally, Raymond James Financial assumed coverage on First Community Bancshares in a report on Tuesday, June 30th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

First Community Bancshares Stock Down 0.1%

The firm’s fifty day moving average price is $43.33 and its 200-day moving average price is $40.43. The stock has a market cap of $829.15 million, a P/E ratio of 16.58 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 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $78.05 million during the quarter, compared to analyst estimates of $44.20 million. First Community Bancshares had a net margin of 25.89% and a return on equity of 10.44%. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. First Community Bancshares’s dividend payout ratio is 46.79%.

Institutional Trading of First Community Bancshares

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of First Community Bancshares in the third quarter worth about $26,000. Financial Consulate Inc. bought a new position in First Community Bancshares during the 4th quarter valued at approximately $34,000. Aquatic Capital Management LLC raised 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 valued at $40,000 after purchasing an additional 501 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in First Community Bancshares by 1,717.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock worth $48,000 after buying an additional 1,305 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in First Community Bancshares by 56.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock worth $63,000 after buying an additional 577 shares during the period. 34.95% of the stock is currently owned by hedge funds and other 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.