Orion Portfolio Solutions LLC Cuts Stock Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

Orion Portfolio Solutions LLC lessened its stake in First Community Bankshares, Inc. (NASDAQ:FCBCFree Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,594 shares of the bank’s stock after selling 1,194 shares during the quarter. Orion Portfolio Solutions LLC owned approximately 0.11% of First Community Bankshares worth $742,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FCBC. Swiss National Bank increased its holdings in First Community Bankshares by 26.6% in the 3rd quarter. Swiss National Bank now owns 38,079 shares of the bank’s stock worth $1,121,000 after acquiring an additional 8,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in First Community Bankshares by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 132,477 shares of the bank’s stock worth $3,901,000 after acquiring an additional 3,554 shares in the last quarter. Vanguard Group Inc. increased its holdings in First Community Bankshares by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 789,887 shares of the bank’s stock worth $23,262,000 after acquiring an additional 12,742 shares in the last quarter. Summit Financial Group Inc. increased its holdings in First Community Bankshares by 2.6% in the 4th quarter. Summit Financial Group Inc. now owns 38,442 shares of the bank’s stock worth $1,426,000 after acquiring an additional 990 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in First Community Bankshares by 17.9% in the 4th quarter. SG Americas Securities LLC now owns 9,700 shares of the bank’s stock worth $360,000 after acquiring an additional 1,472 shares in the last quarter. Hedge funds and other institutional investors own 34.95% of the company’s stock.

First Community Bankshares Stock Down 2.0 %

Shares of FCBC opened at $33.57 on Wednesday. First Community Bankshares, Inc. has a 52-week low of $28.13 and a 52-week high of $39.23. The firm’s fifty day moving average is $33.86 and its two-hundred day moving average is $34.34. The stock has a market cap of $616.01 million, a PE ratio of 12.39 and a beta of 0.52.

First Community Bankshares (NASDAQ:FCBCGet Free Report) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.11. First Community Bankshares had a net margin of 27.10% and a return on equity of 11.04%. The company had revenue of $40.89 million for the quarter, compared to analysts’ expectations of $39.72 million. As a group, research analysts anticipate that First Community Bankshares, Inc. will post 2.59 earnings per share for the current year.

First Community Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.16 annualized dividend and a yield of 3.46%. First Community Bankshares’s dividend payout ratio (DPR) is presently 42.80%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of First Community Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, April 27th.

View Our Latest Report on First Community Bankshares

About First Community Bankshares

(Free Report)

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.

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Institutional Ownership by Quarter for First Community Bankshares (NASDAQ:FCBC)

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