Concurrent Investment Advisors LLC Invests $242,000 in First Community Bancshares, Inc. (NASDAQ:FCBC)

Concurrent Investment Advisors LLC acquired a new position in First Community Bancshares, Inc. (NASDAQ:FCBC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,410 shares of the bank’s stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of First Community Bancshares by 84.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank’s stock worth $26,000 after purchasing an additional 284 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in First Community Bancshares by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,650 shares of the bank’s stock valued at $402,000 after acquiring an additional 395 shares during the period. Hsbc Holdings PLC boosted its holdings in First Community Bancshares by 3.5% during the 4th quarter. Hsbc Holdings PLC now owns 24,287 shares of the bank’s stock valued at $1,016,000 after acquiring an additional 814 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in First Community Bancshares by 3.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,737 shares of the bank’s stock valued at $947,000 after acquiring an additional 815 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in First Community Bancshares by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank’s stock valued at $5,734,000 after acquiring an additional 918 shares during the period. 34.95% of the stock is currently owned by hedge funds and other institutional investors.

First Community Bancshares Price Performance

Shares of FCBC stock opened at $40.35 on Friday. The stock has a market capitalization of $737.60 million, a PE ratio of 14.57 and a beta of 0.60. First Community Bancshares, Inc. has a 1-year low of $33.88 and a 1-year high of $49.02. The business has a 50-day moving average of $38.85 and a 200 day moving average of $39.60.

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

First Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.07%. The ex-dividend date was Friday, May 9th. First Community Bancshares’s dividend payout ratio (DPR) is currently 44.77%.

Analyst Ratings Changes

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

About First Community Bancshares

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.