First Community Bancshares (NASDAQ:FCBC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

First Community Bancshares, Inc. (NASDAQ:FCBC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.89 and traded as high as $42.27. First Community Bancshares shares last traded at $42.20, with a volume of 52,577 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded First Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, First Community Bancshares presently has an average rating of “Buy”.

First Community Bancshares Trading Up 0.4%

The company has a market cap of $804.97 million, a PE ratio of 15.86 and a beta of 0.48. The business has a fifty day moving average of $40.02 and a 200-day moving average of $35.89.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. First Community Bancshares had a return on equity of 10.17% and a net margin of 26.32%.The company had revenue of $43.79 million for the quarter, compared to the consensus estimate of $43.20 million.

First Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, February 13th. First Community Bancshares’s payout ratio is presently 46.62%.

Institutional Trading of First Community Bancshares

Several large investors have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in First Community Bancshares by 1.2% during the 4th quarter. Hsbc Holdings PLC now owns 35,959 shares of the bank’s stock valued at $1,205,000 after acquiring an additional 418 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in First Community Bancshares by 2,509.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 15,654 shares of the bank’s stock valued at $528,000 after acquiring an additional 15,054 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in First Community Bancshares during the 4th quarter valued at approximately $229,000. Millennium Management LLC boosted its position in First Community Bancshares by 73.8% during the 4th quarter. Millennium Management LLC now owns 36,250 shares of the bank’s stock valued at $1,223,000 after acquiring an additional 15,391 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in First Community Bancshares by 51.8% during the 4th quarter. AQR Capital Management LLC now owns 76,204 shares of the bank’s stock valued at $2,570,000 after acquiring an additional 25,990 shares in the last quarter. 34.95% of the stock is owned by institutional investors.

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.