First Community Bankshares (FCBC) to Release Quarterly Earnings on Wednesday

First Community Bankshares (NASDAQ:FCBC) will be posting its quarterly earnings results on Wednesday, April 17th.

First Community Bankshares (NASDAQ:FCBC) last issued 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 business had revenue of $42.53 million for the quarter, compared to analysts’ expectations of $41.98 million. On average, analysts expect First Community Bankshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Community Bankshares Stock Performance

Shares of First Community Bankshares stock opened at $31.74 on Tuesday. First Community Bankshares has a 52-week low of $22.55 and a 52-week high of $39.23. The stock has a market capitalization of $586.24 million, a price-to-earnings ratio of 11.67 and a beta of 0.52. The company’s 50 day moving average price is $32.90 and its 200-day moving average price is $33.73.

First Community Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, February 8th. First Community Bankshares’s dividend payout ratio is 42.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in First Community Bankshares by 6.4% in the second quarter. BlackRock Inc. now owns 1,560,823 shares of the bank’s stock worth $46,403,000 after acquiring an additional 93,989 shares during the period. Alliancebernstein L.P. lifted its stake in First Community Bankshares by 572.2% in the second quarter. Alliancebernstein L.P. now owns 83,661 shares of the bank’s stock worth $2,487,000 after acquiring an additional 71,216 shares during the period. Geode Capital Management LLC lifted its stake in First Community Bankshares by 19.1% in the second quarter. Geode Capital Management LLC now owns 340,616 shares of the bank’s stock worth $10,127,000 after acquiring an additional 54,740 shares during the period. Vanguard Group Inc. lifted its stake in First Community Bankshares by 6.0% in the third quarter. Vanguard Group Inc. now owns 801,681 shares of the bank’s stock worth $25,677,000 after acquiring an additional 45,266 shares during the period. Finally, State Street Corp lifted its stake in First Community Bankshares by 6.7% in the second quarter. State Street Corp now owns 391,201 shares of the bank’s stock worth $11,630,000 after acquiring an additional 24,529 shares during the period. Institutional investors own 34.95% of the company’s stock.

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.