JPMorgan Chase & Co. Boosts Stock Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

JPMorgan Chase & Co. increased its position in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) by 134.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,000 shares of the bank’s stock after purchasing an additional 41,867 shares during the period. JPMorgan Chase & Co. owned approximately 0.40% of First Community Bankshares worth $3,040,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in First Community Bankshares during the fourth quarter valued at approximately $137,000. Intech Investment Management LLC purchased a new stake in shares of First Community Bankshares in the fourth quarter valued at approximately $351,000. Signaturefd LLC increased its stake in shares of First Community Bankshares by 62.3% in the 4th quarter. Signaturefd LLC now owns 3,509 shares of the bank’s stock worth $146,000 after acquiring an additional 1,347 shares during the last quarter. one8zero8 LLC acquired a new stake in First Community Bankshares during the fourth quarter worth about $511,000. Finally, Atala Financial Inc acquired a new stake in shares of First Community Bankshares during the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 34.95% of the company’s stock.

First Community Bankshares Trading Down 0.9 %

Shares of NASDAQ:FCBC opened at $38.50 on Tuesday. The firm has a 50 day simple moving average of $38.94 and a 200-day simple moving average of $41.90. The company has a market capitalization of $705.59 million, a PE ratio of 13.56 and a beta of 0.52. First Community Bankshares, Inc. has a twelve month low of $32.58 and a twelve month high of $49.02.

First Community Bankshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.71 earnings per share for the quarter. First Community Bankshares had a return on equity of 10.35% and a net margin of 27.81%.

First Community Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, February 14th. First Community Bankshares’s dividend payout ratio is currently 43.66%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut First Community Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 8th.

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.