Deutsche Bank AG Has $614,000 Stock Holdings in First Community Bancshares, Inc. $FCBC

Deutsche Bank AG trimmed its stake in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,284 shares of the bank’s stock after selling 538 shares during the quarter. Deutsche Bank AG owned 0.09% of First Community Bancshares worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FCBC. Tower Research Capital LLC TRC boosted its holdings in First Community Bancshares by 84.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank’s stock valued at $26,000 after purchasing an additional 284 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in First Community Bancshares by 224.8% during the first quarter. Nisa Investment Advisors LLC now owns 5,924 shares of the bank’s stock valued at $223,000 after purchasing an additional 4,100 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in First Community Bancshares during the first quarter valued at approximately $242,000. Citadel Advisors LLC bought a new position in shares of First Community Bancshares in the fourth quarter valued at approximately $257,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of First Community Bancshares in the fourth quarter valued at approximately $293,000. 34.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

First Community Bancshares Stock Up 0.8%

Shares of FCBC stock opened at $38.16 on Wednesday. First Community Bancshares, Inc. has a 12-month low of $32.81 and a 12-month high of $49.02. The firm has a market capitalization of $699.09 million, a price-to-earnings ratio of 13.98 and a beta of 0.65. The firm has a fifty day moving average of $38.50 and a 200-day moving average of $38.72.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. First Community Bancshares had a net margin of 27.07% and a return on equity of 9.68%. The company had revenue of $41.00 million during the quarter, compared to analyst estimates of $40.60 million.

First Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.2%. First Community Bancshares’s payout ratio is 45.42%.

First Community Bancshares Company 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.