First Community Bancshares, Inc. (NASDAQ:FCBC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 31.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,636 shares of the bank’s stock after selling 6,377 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of First Community Bancshares worth $514,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of First Community Bancshares by 3,912.9% in the first 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 in the last quarter. Jefferies Financial Group Inc. purchased a new stake in First Community Bancshares during the 4th quarter worth about $329,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in First Community Bancshares by 3.7% in 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 purchasing an additional 815 shares during the last quarter. Systematic Financial Management LP lifted its holdings in First Community Bancshares by 2.0% in the 4th quarter. Systematic Financial Management LP now owns 542,599 shares of the bank’s stock valued at $22,594,000 after purchasing an additional 10,855 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 worth $402,000 after purchasing an additional 395 shares during the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.

Analysts Set New Price Targets

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

First Community Bancshares Stock Performance

Shares of FCBC opened at $40.43 on Thursday. First Community Bancshares, Inc. has a fifty-two week low of $33.88 and a fifty-two week high of $49.02. The company has a market capitalization of $739.06 million, a PE ratio of 14.60 and a beta of 0.60. The stock has a fifty day moving average of $38.96 and a two-hundred day moving average of $39.59.

First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, April 22nd. The bank reported $0.64 EPS for the quarter, missing the consensus estimate 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 business had revenue of $40.53 million during the quarter, compared to analyst estimates of $40.50 million.

First Community Bancshares Announces Dividend

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

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.