Rhumbline Advisers Sells 1,598 Shares of First Community Bancshares, Inc. (NASDAQ:FCBC)

Rhumbline Advisers decreased its stake in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 5.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 25,610 shares of the bank’s stock after selling 1,598 shares during the period. Rhumbline Advisers owned 0.14% of First Community Bancshares worth $965,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Systematic Financial Management LP raised its position in shares of First Community Bancshares by 2.0% in the fourth quarter. Systematic Financial Management LP now owns 542,599 shares of the bank’s stock worth $22,594,000 after buying an additional 10,855 shares in the last quarter. Northern Trust Corp increased its stake in First Community Bancshares by 6.9% in the 4th quarter. Northern Trust Corp now owns 168,347 shares of the bank’s stock worth $7,010,000 after acquiring an additional 10,819 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in First Community Bancshares by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank’s stock worth $5,734,000 after acquiring an additional 918 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Community Bancshares 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, GAMMA Investing LLC boosted its position in shares of First Community Bancshares by 3,912.9% during the 1st quarter. GAMMA Investing LLC now owns 61,397 shares of the bank’s stock valued at $2,314,000 after acquiring an additional 59,867 shares during the last quarter. 34.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of First Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th.

First Community Bancshares Stock Performance

First Community Bancshares stock opened at $37.32 on Friday. First Community Bancshares, Inc. has a fifty-two week low of $33.37 and a fifty-two week high of $49.02. The stock has a market cap of $682.21 million, a P/E ratio of 13.47 and a beta of 0.60. The firm’s fifty day moving average price is $38.25 and its 200-day moving average price is $40.11.

First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, April 22nd. The bank reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). First Community Bancshares had a net margin of 27.24% and a return on equity of 10.09%. The firm had revenue of $40.53 million during the quarter, compared to the consensus estimate of $40.50 million.

First Community Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.31 per share. The ex-dividend date was Friday, May 9th. This represents a $1.24 annualized dividend and a dividend yield of 3.32%. First Community Bancshares’s dividend payout ratio (DPR) is presently 44.77%.

First Community Bancshares 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.