First Community Bancshares (NASDAQ:FCBC) Shares Pass Above 200-Day Moving Average – Time to Sell?

First Community Bancshares, Inc. (NASDAQ:FCBC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.11 and traded as high as $40.68. First Community Bancshares shares last traded at $40.50, with a volume of 97,258 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FCBC shares. Weiss Ratings restated a “hold (c)” rating on shares of First Community Bancshares in a research note on Wednesday, January 28th. Wall Street Zen raised shares of First Community Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, November 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

First Community Bancshares Stock Up 2.5%

The stock has a market cap of $741.96 million, a P/E ratio of 15.23 and a beta of 0.61. The firm has a 50 day moving average price of $35.86 and a 200 day moving average price of $35.11.

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

First Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, February 13th. First Community Bancshares’s dividend payout ratio (DPR) is presently 46.62%.

Institutional Investors Weigh In On First Community Bancshares

Institutional investors have recently bought and sold shares of the business. Occudo Quantitative Strategies LP bought a new stake in First Community Bancshares during the fourth quarter valued at about $229,000. Millennium Management LLC grew its position in shares of First Community Bancshares by 73.8% during the fourth quarter. Millennium Management LLC now owns 36,250 shares of the bank’s stock worth $1,223,000 after purchasing an additional 15,391 shares in the last quarter. AQR Capital Management LLC raised its stake 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 purchasing an additional 25,990 shares during the period. Mariner LLC boosted its stake in First Community Bancshares by 2.3% in the 4th quarter. Mariner LLC now owns 19,291 shares of the bank’s stock worth $651,000 after purchasing an additional 437 shares during the period. Finally, Barclays PLC boosted its stake in First Community Bancshares by 13.0% in the 4th quarter. Barclays PLC now owns 33,644 shares of the bank’s stock worth $1,135,000 after purchasing an additional 3,877 shares during the period. 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.