First Community Bankshares (NASDAQ:FCBC) Stock Price Passes Above 200 Day Moving Average of $34.28

First Community Bankshares, Inc. (NASDAQ:FCBCGet Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.28 and traded as high as $37.32. First Community Bankshares shares last traded at $37.32, with a volume of 35,206 shares.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FCBC. StockNews.com raised First Community Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th. Hovde Group assumed coverage on First Community Bankshares in a report on Friday, June 28th. They issued a “market perform” rating and a $38.00 price objective on the stock.

Read Our Latest Research Report on FCBC

First Community Bankshares Stock Up 2.1 %

The stock’s 50 day moving average price is $34.93 and its two-hundred day moving average price is $34.28. The stock has a market cap of $684.82 million, a price-to-earnings ratio of 13.77 and a beta of 0.53.

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

First Community Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, May 9th. First Community Bankshares’s dividend payout ratio is currently 42.80%.

Institutional Investors Weigh In On First Community Bankshares

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of First Community Bankshares by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 789,887 shares of the bank’s stock valued at $23,262,000 after purchasing an additional 12,742 shares during the period. Summit Financial Group Inc. grew its position 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 valued at $1,426,000 after acquiring an additional 990 shares during the period. SG Americas Securities LLC increased its stake in shares of First Community Bankshares by 17.9% in the 4th quarter. SG Americas Securities LLC now owns 9,700 shares of the bank’s stock valued at $360,000 after purchasing an additional 1,472 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in First Community Bankshares in the 4th quarter worth about $462,000. Finally, GAMMA Investing LLC purchased a new position in First Community Bankshares during the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 34.95% of the company’s stock.

About First Community Bankshares

(Get 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.

Further Reading

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