NewEdge Advisors LLC Lowers Stock Holdings in First Community Bankshares, Inc. (NASDAQ:FCBC)

NewEdge Advisors LLC lowered its position in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,512 shares of the bank’s stock after selling 410 shares during the period. NewEdge Advisors LLC’s holdings in First Community Bankshares were worth $63,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FCBC. Mariner LLC purchased a new position in shares of First Community Bankshares during the 4th quarter valued at $630,000. Barclays PLC grew its position in First Community Bankshares by 11.3% during the fourth quarter. Barclays PLC now owns 33,080 shares of the bank’s stock worth $1,378,000 after buying an additional 3,371 shares in the last quarter. Wells Fargo & Company MN increased its stake in First Community Bankshares by 18.4% in the 4th quarter. Wells Fargo & Company MN now owns 13,970 shares of the bank’s stock worth $582,000 after acquiring an additional 2,168 shares during the last quarter. JPMorgan Chase & Co. raised 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 valued at $3,040,000 after acquiring an additional 41,867 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of First Community Bankshares during the 4th quarter valued at about $137,000. Institutional investors own 34.95% of the company’s stock.

First Community Bankshares Stock Up 2.2 %

FCBC opened at $38.78 on Friday. The business’s fifty day simple moving average is $38.41 and its 200 day simple moving average is $41.63. First Community Bankshares, Inc. has a 52 week low of $32.63 and a 52 week high of $49.02. The stock has a market cap of $710.72 million, a PE ratio of 13.65 and a beta of 0.58.

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

First Community Bankshares Dividend Announcement

The firm also recently announced 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. This represents a $1.24 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Friday, May 9th. First Community Bankshares’s dividend payout ratio is currently 44.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of First Community Bankshares from a “sell” rating to a “hold” rating in a research note on Friday.

First Community Bankshares 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.