Vanguard Group Inc. Increases Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

Vanguard Group Inc. boosted its holdings in First Community Bankshares, Inc. (NASDAQ:FCBC) by 1.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 789,887 shares of the bank’s stock after purchasing an additional 12,742 shares during the quarter. Vanguard Group Inc. owned about 4.26% of First Community Bankshares worth $23,262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in First Community Bankshares by 114.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,323 shares of the bank’s stock worth $43,000 after purchasing an additional 706 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of First Community Bankshares by 254.8% during the first quarter. Great West Life Assurance Co. Can now owns 1,788 shares of the bank’s stock valued at $52,000 after buying an additional 1,284 shares during the last quarter. Red Tortoise LLC grew its holdings in shares of First Community Bankshares by 197.1% during the first quarter. Red Tortoise LLC now owns 2,234 shares of the bank’s stock valued at $56,000 after buying an additional 1,482 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Community Bankshares during the fourth quarter valued at approximately $88,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of First Community Bankshares by 149.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,334 shares of the bank’s stock valued at $98,000 after buying an additional 1,995 shares during the last quarter. Hedge funds and other institutional investors own 34.95% of the company’s stock.

First Community Bankshares Stock Down 0.6 %

NASDAQ:FCBC opened at $31.94 on Friday. The company’s 50 day moving average price is $32.93 and its 200-day moving average price is $33.68. First Community Bankshares, Inc. has a 52 week low of $22.55 and a 52 week high of $39.23. The stock has a market cap of $589.93 million, a price-to-earnings ratio of 11.74 and a beta of 0.52.

First Community Bankshares (NASDAQ:FCBC) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. First Community Bankshares had a net margin of 27.50% and a return on equity of 11.20%. The firm had revenue of $42.53 million for the quarter, compared to analysts’ expectations of $41.98 million. As a group, sell-side analysts anticipate that First Community Bankshares, Inc. will post 2.38 earnings per share for the current year.

First Community Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, February 8th. First Community Bankshares’s payout ratio is 42.65%.

About First Community Bankshares

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.