Cary Street Partners Financial LLC Takes $293,000 Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

Cary Street Partners Financial LLC acquired a new position in First Community Bankshares, Inc. (NASDAQ:FCBC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,041 shares of the bank’s stock, valued at approximately $293,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of First Community Bankshares by 84.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank’s stock worth $26,000 after acquiring an additional 284 shares during the last quarter. Atala Financial Inc acquired a new position in shares of First Community Bankshares during the fourth quarter valued at $59,000. KLP Kapitalforvaltning AS acquired a new stake in First Community Bankshares in the fourth quarter worth about $137,000. Signaturefd LLC increased its stake in First Community Bankshares by 62.3% during the 4th quarter. Signaturefd LLC now owns 3,509 shares of the bank’s stock valued at $146,000 after buying an additional 1,347 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of First Community Bankshares by 18.3% during the 4th quarter. SG Americas Securities LLC now owns 7,185 shares of the bank’s stock worth $299,000 after buying an additional 1,109 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.

First Community Bankshares Trading Down 2.1 %

Shares of NASDAQ FCBC opened at $38.49 on Friday. First Community Bankshares, Inc. has a twelve month low of $32.63 and a twelve month high of $49.02. The firm has a 50-day moving average of $38.21 and a two-hundred day moving average of $41.46. The company has a market capitalization of $703.56 million, a price-to-earnings ratio of 13.55 and a beta of 0.58.

First Community Bankshares (NASDAQ:FCBC) last released its earnings results on Tuesday, April 22nd. The bank reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $40.53 million for the quarter, compared to analyst estimates of $40.50 million. First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%.

First Community Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, May 9th. First Community Bankshares’s dividend payout ratio (DPR) is presently 44.77%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of First Community Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd.

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.