Nisa Investment Advisors LLC Purchases 4,100 Shares of First Community Bancshares, Inc. (NASDAQ:FCBC)

Nisa Investment Advisors LLC raised its holdings in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 224.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,924 shares of the bank’s stock after acquiring an additional 4,100 shares during the quarter. Nisa Investment Advisors LLC’s holdings in First Community Bancshares were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Burke & Herbert Bank & Trust Co. boosted its stake in shares of First Community Bancshares by 4.1% during the 1st quarter. Burke & Herbert Bank & Trust Co. now owns 38,920 shares of the bank’s stock worth $1,467,000 after purchasing an additional 1,550 shares during the period. Concurrent Investment Advisors LLC bought a new position in shares of First Community Bancshares during the 1st quarter worth approximately $242,000. GAMMA Investing LLC increased its stake in 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 purchasing an additional 59,867 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in First Community Bancshares during the 4th quarter valued at approximately $329,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of First Community Bancshares by 3.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,737 shares of the bank’s stock worth $947,000 after acquiring an additional 815 shares during the period. Hedge funds and other institutional investors own 34.95% of the company’s stock.

First Community Bancshares Price Performance

Shares of FCBC stock opened at $40.93 on Friday. The firm’s 50-day moving average is $39.00 and its two-hundred day moving average is $39.58. First Community Bancshares, Inc. has a 12 month low of $33.88 and a 12 month high of $49.02. The company has a market capitalization of $748.20 million, a PE ratio of 14.78 and a beta of 0.60.

First Community Bancshares (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). 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders 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 yield of 3.03%. First Community Bancshares’s dividend payout ratio (DPR) is currently 44.77%.

Analysts Set New Price Targets

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

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.