First Community Bankshares Inc (NASDAQ:FCBC) Director C William Davis bought 653 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was purchased at an average cost of $30.29 per share, with a total value of $19,779.37. Following the completion of the purchase, the director now directly owns 5,256 shares of the company’s stock, valued at approximately $159,204.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:FCBC opened at $30.58 on Friday. First Community Bankshares Inc has a 1-year low of $29.04 and a 1-year high of $36.48. The firm has a fifty day simple moving average of $30.29 and a 200 day simple moving average of $31.56. The stock has a market capitalization of $482.70 million, a PE ratio of 14.08 and a beta of 0.57.
First Community Bankshares (NASDAQ:FCBC) last released its earnings results on Tuesday, February 4th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. First Community Bankshares had a net margin of 30.16% and a return on equity of 10.37%. The business had revenue of $31.37 million during the quarter. Research analysts predict that First Community Bankshares Inc will post 2.19 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $0.25 dividend. The ex-dividend date is Thursday, February 6th. This is a boost from First Community Bankshares’s previous quarterly dividend of $0.14. This represents a $1.00 annualized dividend and a dividend yield of 3.27%. First Community Bankshares’s dividend payout ratio (DPR) is currently 45.45%.
Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in First Community Bankshares by 36.2% in the fourth quarter. Bank of New York Mellon Corp now owns 135,032 shares of the bank’s stock valued at $4,190,000 after buying an additional 35,881 shares during the period. Goldman Sachs Group Inc. lifted its stake in First Community Bankshares by 328.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 38,929 shares of the bank’s stock valued at $1,208,000 after buying an additional 29,846 shares during the period. UBS Group AG lifted its stake in First Community Bankshares by 62.1% in the fourth quarter. UBS Group AG now owns 19,766 shares of the bank’s stock valued at $613,000 after buying an additional 7,576 shares during the period. Renaissance Technologies LLC lifted its stake in First Community Bankshares by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 269,492 shares of the bank’s stock valued at $8,360,000 after buying an additional 5,800 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new position in First Community Bankshares in the fourth quarter valued at approximately $57,000. 42.28% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub raised shares of First Community Bankshares from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 4th.
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.
Read More: What is a Buy-Side Analyst?
Receive News & Ratings for First Community Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Community Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.