First Community Bankshares, Inc. (NASDAQ:FCBC) Short Interest Update

First Community Bankshares, Inc. (NASDAQ:FCBC) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 157,600 shares, a decrease of 6.9% from the September 30th total of 169,200 shares. Based on an average daily volume of 34,400 shares, the short-interest ratio is presently 4.6 days. Approximately 1.0% of the company’s shares are short sold.

First Community Bankshares Price Performance

FCBC opened at $41.46 on Friday. First Community Bankshares has a one year low of $31.00 and a one year high of $45.93. The business has a 50 day simple moving average of $42.84 and a two-hundred day simple moving average of $38.94. The firm has a market capitalization of $760.96 million, a price-to-earnings ratio of 15.74 and a beta of 0.52.

First Community Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.99%. First Community Bankshares’s dividend payout ratio (DPR) is 45.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FCBC. Callan Family Office LLC purchased a new stake in shares of First Community Bankshares in the 2nd quarter worth approximately $14,523,000. Vanguard Group Inc. grew its stake in shares of First Community Bankshares by 12.6% in the 1st quarter. Vanguard Group Inc. now owns 916,310 shares of the bank’s stock worth $31,732,000 after buying an additional 102,183 shares during the last quarter. Burke & Herbert Bank & Trust Co. purchased a new stake in shares of First Community Bankshares in the 2nd quarter worth approximately $1,412,000. Assenagon Asset Management S.A. purchased a new stake in shares of First Community Bankshares in the 3rd quarter worth approximately $1,030,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of First Community Bankshares in the 1st quarter worth approximately $772,000. Hedge funds and other institutional investors own 34.95% of the company’s stock.

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.