Geode Capital Management LLC Boosts Stake in First Community Bancshares, Inc. $FCBC

Geode Capital Management LLC raised its holdings in First Community Bancshares, Inc. (NASDAQ:FCBC) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 402,316 shares of the bank’s stock after acquiring an additional 13,205 shares during the period. Geode Capital Management LLC owned approximately 2.20% of First Community Bancshares worth $15,761,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. AlphaQuest LLC bought a new position in shares of First Community Bancshares in the second quarter worth approximately $49,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of First Community Bancshares by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after buying an additional 474 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of First Community Bancshares by 19.5% during the 2nd quarter. Stephens Inc. AR now owns 16,947 shares of the bank’s stock worth $664,000 after acquiring an additional 2,761 shares during the last quarter. AQR Capital Management LLC grew its position in First Community Bancshares by 87.3% in the first quarter. AQR Capital Management LLC now owns 18,145 shares of the bank’s stock worth $684,000 after acquiring an additional 8,457 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in First Community Bancshares by 2.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,799 shares of the bank’s stock valued at $822,000 after acquiring an additional 592 shares during the last quarter. Institutional investors own 34.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FCBC shares. Wall Street Zen upgraded First Community Bancshares from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of First Community Bancshares in a research report on Friday, October 31st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, First Community Bancshares has an average rating of “Hold”.

First Community Bancshares Trading Down 1.0%

Shares of FCBC stock opened at $33.10 on Tuesday. First Community Bancshares, Inc. has a 12 month low of $31.21 and a 12 month high of $47.02. The stock has a market cap of $606.23 million, a PE ratio of 12.30 and a beta of 0.65. The company’s fifty day moving average price is $33.33 and its 200-day moving average price is $36.45.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, October 28th. The bank reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The company had revenue of $42.19 million during the quarter, compared to analysts’ expectations of $40.40 million. First Community Bancshares had a net margin of 26.76% and a return on equity of 9.83%.

First Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, November 14th. This represents a $1.24 annualized dividend and a dividend yield of 3.7%. First Community Bancshares’s dividend payout ratio (DPR) is presently 46.10%.

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.