First Community Bankshares (NASDAQ:FCBC) Upgraded at StockNews.com

First Community Bankshares (NASDAQ:FCBC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

First Community Bankshares Price Performance

Shares of FCBC stock opened at $33.51 on Friday. The business’s 50 day simple moving average is $32.83 and its 200 day simple moving average is $33.83. First Community Bankshares has a one year low of $22.55 and a one year high of $39.23. The stock has a market capitalization of $618.93 million, a PE ratio of 12.37 and a beta of 0.52.

First Community Bankshares (NASDAQ:FCBC) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. First Community Bankshares had a return on equity of 11.09% and a net margin of 27.10%. The business had revenue of $42.53 million for the quarter, compared to analysts’ expectations of $41.98 million. As a group, research analysts expect that First Community Bankshares will post 2.38 earnings per share for the current year.

Institutional Trading of First Community Bankshares

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of First Community Bankshares by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 965,956 shares of the bank’s stock worth $35,838,000 after buying an additional 5,446 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of First Community Bankshares by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 789,887 shares of the bank’s stock worth $23,262,000 after buying an additional 12,742 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of First Community Bankshares by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 132,477 shares of the bank’s stock worth $3,901,000 after buying an additional 3,554 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of First Community Bankshares by 34.3% during the 4th quarter. Panagora Asset Management Inc. now owns 42,379 shares of the bank’s stock worth $1,572,000 after buying an additional 10,824 shares in the last quarter. Finally, Summit Financial Group Inc. boosted its holdings in shares of First Community Bankshares by 2.6% during the 4th quarter. Summit Financial Group Inc. now owns 38,442 shares of the bank’s stock worth $1,426,000 after buying an additional 990 shares in the last quarter. 34.95% of the stock is currently owned by institutional investors.

First Community Bankshares 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.