First Community Bankshares (NASDAQ:FCBC) Sees Strong Trading Volume – Here’s What Happened

First Community Bankshares, Inc. (NASDAQ:FCBC) saw an uptick in trading volume on Thursday . 34,100 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 33,884 shares.The stock last traded at $38.45 and had previously closed at $37.96.

First Community Bankshares Price Performance

The stock has a market capitalization of $703.76 million, a price-to-earnings ratio of 13.60 and a beta of 0.53. The firm has a fifty day moving average of $41.32 and a 200 day moving average of $42.91.

First Community Bankshares (NASDAQ:FCBC) last posted its earnings results on Tuesday, January 28th. The bank reported $0.71 earnings per share for the quarter. First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%.

First Community Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, February 14th. First Community Bankshares’s dividend payout ratio (DPR) is presently 43.66%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FCBC. Jefferies Financial Group Inc. purchased a new position in First Community Bankshares in the 4th quarter valued at approximately $329,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in First Community Bankshares by 3.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,737 shares of the bank’s stock valued at $947,000 after purchasing an additional 815 shares during the period. Systematic Financial Management LP grew its stake in First Community Bankshares by 2.0% during the 4th quarter. Systematic Financial Management LP now owns 542,599 shares of the bank’s stock worth $22,594,000 after purchasing an additional 10,855 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in First Community Bankshares by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,650 shares of the bank’s stock worth $402,000 after purchasing an additional 395 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of First Community Bankshares by 68.2% in the 4th quarter. Deutsche Bank AG now owns 16,822 shares of the bank’s stock valued at $700,000 after buying an additional 6,823 shares during the period. 34.95% of the stock is owned by institutional investors and hedge funds.

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 plans; and commercial, consumer real estate, and consumer and other loans.