Barclays PLC Raises Stock Holdings in First Community Bankshares, Inc. (NASDAQ:FCBC)

Barclays PLC lifted its holdings in First Community Bankshares, Inc. (NASDAQ:FCBC) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,080 shares of the bank’s stock after purchasing an additional 3,371 shares during the quarter. Barclays PLC owned 0.18% of First Community Bankshares worth $1,378,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in shares of First Community Bankshares by 134.5% in the 4th quarter. JPMorgan Chase & Co. now owns 73,000 shares of the bank’s stock worth $3,040,000 after buying an additional 41,867 shares during the last quarter. one8zero8 LLC bought a new stake in First Community Bankshares during the fourth quarter worth approximately $511,000. Intech Investment Management LLC purchased a new stake in First Community Bankshares during the fourth quarter valued at approximately $351,000. KLP Kapitalforvaltning AS bought a new stake in shares of First Community Bankshares in the 4th quarter valued at approximately $137,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of First Community Bankshares by 14.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,207 shares of the bank’s stock worth $883,000 after purchasing an additional 2,621 shares during the period. Institutional investors own 34.95% of the company’s stock.

First Community Bankshares Price Performance

First Community Bankshares stock opened at $38.78 on Friday. First Community Bankshares, Inc. has a 1-year low of $32.63 and a 1-year high of $49.02. The company’s 50-day moving average is $38.41 and its 200 day moving average is $41.63. The firm has a market capitalization of $710.72 million, a P/E ratio of 13.65 and a beta of 0.58.

First Community Bankshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The business had revenue of $40.53 million for the quarter, compared to the consensus estimate of $40.50 million. First Community Bankshares had a return on equity of 10.35% and a net margin of 27.81%.

First Community Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, May 9th. This represents a $1.24 dividend on an annualized basis and a yield of 3.20%. First Community Bankshares’s payout ratio is 44.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded First Community Bankshares from a “sell” rating to a “hold” rating in a research report on Friday.

About First Community Bankshares

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.