Richard Scott Johnson Purchases 4,413 Shares of First Community Bankshares, Inc. (NASDAQ:FCBC) Stock

First Community Bankshares, Inc. (NASDAQ:FCBCGet Rating) Director Richard Scott Johnson bought 4,413 shares of the company’s stock in a transaction on Monday, May 16th. The stock was bought at an average cost of $26.97 per share, with a total value of $119,018.61. Following the completion of the purchase, the director now owns 28,945 shares of the company’s stock, valued at approximately $780,646.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Richard Scott Johnson also recently made the following trade(s):

  • On Thursday, May 12th, Richard Scott Johnson purchased 587 shares of First Community Bankshares stock. The stock was bought at an average cost of $26.98 per share, with a total value of $15,837.26.

FCBC stock traded up $0.49 during midday trading on Tuesday, hitting $27.42. 94 shares of the company’s stock were exchanged, compared to its average volume of 32,146. First Community Bankshares, Inc. has a one year low of $26.51 and a one year high of $36.73. The company has a market cap of $459.01 million, a PE ratio of 10.09 and a beta of 0.55. The stock’s fifty day moving average price is $27.87 and its 200-day moving average price is $30.94.

First Community Bankshares (NASDAQ:FCBCGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The bank reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01). First Community Bankshares had a net margin of 32.98% and a return on equity of 10.78%. The business had revenue of $34.35 million for the quarter, compared to the consensus estimate of $33.03 million. On average, analysts predict that First Community Bankshares, Inc. will post 2.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, May 6th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, May 5th. First Community Bankshares’s dividend payout ratio (DPR) is presently 40.45%.

A number of research analysts have commented on FCBC shares. Piper Sandler lowered First Community Bankshares from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $37.00 to $35.00 in a research report on Monday, January 31st. Zacks Investment Research raised shares of First Community Bankshares from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, April 4th. Finally, StockNews.com began coverage on First Community Bankshares in a report on Thursday, March 31st. They issued a “hold” rating for the company.

Hedge funds have recently modified their holdings of the company. BOKF NA acquired a new stake in shares of First Community Bankshares during the third quarter worth $233,000. Citigroup Inc. increased its holdings in First Community Bankshares by 49.6% during the 3rd quarter. Citigroup Inc. now owns 2,202 shares of the bank’s stock worth $70,000 after purchasing an additional 730 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of First Community Bankshares by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 16,711 shares of the bank’s stock valued at $558,000 after purchasing an additional 417 shares during the period. Advisor Group Holdings Inc. acquired a new stake in shares of First Community Bankshares in the 3rd quarter valued at about $150,000. Finally, Summit Financial Group Inc. lifted its holdings in shares of First Community Bankshares by 4.4% in the fourth quarter. Summit Financial Group Inc. now owns 45,253 shares of the bank’s stock valued at $2,700,000 after purchasing an additional 1,910 shares in the last quarter. 38.69% of the stock is owned by institutional investors.

First Community Bankshares Company Profile (Get Rating)

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 arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

Further Reading

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