First Community Bankshares (NASDAQ:FCBC) Cut to Strong Sell at BidaskClub

BidaskClub lowered shares of First Community Bankshares (NASDAQ:FCBC) from a sell rating to a strong sell rating in a research note published on Thursday, BidAskClub reports.

First Community Bankshares stock opened at $33.18 on Thursday. The company’s 50-day moving average price is $33.28. The company has a market cap of $522.82 million, a P/E ratio of 14.62 and a beta of 0.67. First Community Bankshares has a 52-week low of $27.06 and a 52-week high of $36.48.

First Community Bankshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.52. The business had revenue of $30.27 million during the quarter. First Community Bankshares had a return on equity of 11.11% and a net margin of 29.57%.

Several institutional investors have recently added to or reduced their stakes in FCBC. Rhumbline Advisers boosted its position in First Community Bankshares by 40.9% in the fourth quarter. Rhumbline Advisers now owns 22,990 shares of the bank’s stock valued at $724,000 after buying an additional 6,677 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in First Community Bankshares by 69.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,884 shares of the bank’s stock valued at $436,000 after buying an additional 5,684 shares in the last quarter. BlackRock Inc. boosted its position in First Community Bankshares by 0.5% in the fourth quarter. BlackRock Inc. now owns 1,255,705 shares of the bank’s stock valued at $39,531,000 after buying an additional 6,330 shares in the last quarter. Advisor Group Inc. acquired a new position in First Community Bankshares in the fourth quarter valued at about $71,000. Finally, Dimensional Fund Advisors LP boosted its position in First Community Bankshares by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,177,114 shares of the bank’s stock valued at $37,055,000 after buying an additional 14,772 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

About First Community Bankshares

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 arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

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