First Community Bancshares (NASDAQ:FCBC) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

First Community Bancshares, Inc. (NASDAQ:FCBC)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.40 and traded as high as $39.86. First Community Bancshares shares last traded at $39.73, with a volume of 90,860 shares.

Wall Street Analysts Forecast Growth

FCBC has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of First Community Bancshares in a research report on Wednesday, January 28th. Wall Street Zen upgraded First Community Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, November 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

First Community Bancshares Price Performance

The stock has a market cap of $727.85 million, a price-to-earnings ratio of 14.94 and a beta of 0.56. The stock’s 50-day moving average is $37.01 and its 200-day moving average is $35.40.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.10. First Community Bancshares had a return on equity of 10.16% and a net margin of 26.32%.The company had revenue of $43.79 million during the quarter, compared to the consensus estimate of $43.20 million.

First Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, February 13th. First Community Bancshares’s dividend payout ratio is presently 46.62%.

Institutional Trading of First Community Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in shares of First Community Bancshares during the 3rd quarter valued at about $25,000. Advisory Services Network LLC acquired a new stake in shares of First Community Bancshares in the third quarter worth approximately $26,000. Financial Consulate Inc. purchased a new stake in First Community Bancshares in the fourth quarter valued at approximately $34,000. City Holding Co. grew its holdings in First Community Bancshares by 98.5% in the third quarter. City Holding Co. now owns 1,042 shares of the bank’s stock valued at $36,000 after purchasing an additional 517 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new position in First Community Bancshares during the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 34.95% of the company’s stock.

First Community Bancshares Company Profile

First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.

The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.