First Community Bancshares (NASDAQ:FCBC) Raised to “Hold” at Wall Street Zen

First Community Bancshares (NASDAQ:FCBC) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Community Bancshares in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

First Community Bancshares Trading Down 0.8%

NASDAQ FCBC opened at $33.29 on Friday. The business’s 50-day moving average price is $33.39 and its 200 day moving average price is $36.54. First Community Bancshares has a twelve month low of $31.21 and a twelve month high of $47.12. The company has a market capitalization of $609.71 million, a PE ratio of 12.38 and a beta of 0.65.

First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, October 28th. The bank reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The company had revenue of $42.19 million during the quarter, compared to the consensus estimate of $40.40 million. First Community Bancshares had a net margin of 26.76% and a return on equity of 9.83%.

Hedge Funds Weigh In On First Community Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in FCBC. State of Alaska Department of Revenue purchased a new stake in First Community Bancshares during the 3rd quarter worth $25,000. Advisory Services Network LLC acquired a new position in shares of First Community Bancshares during the third quarter worth about $26,000. City Holding Co. boosted its position in shares of First Community Bancshares by 98.5% in the third quarter. City Holding Co. now owns 1,042 shares of the bank’s stock worth $36,000 after buying an additional 517 shares during the period. Heartwood Wealth Advisors LLC acquired a new stake in shares of First Community Bancshares in the third quarter valued at about $37,000. Finally, Aquatic Capital Management LLC raised its holdings in shares of 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 buying an additional 501 shares during the period. Institutional investors and hedge funds own 34.95% of the company’s stock.

First Community Bancshares Company Profile

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans; and commercial, consumer real estate, and consumer and other loans.