State of New Jersey Common Pension Fund D Trims Stock Position in First Community Bancshares, Inc. $FCBC

State of New Jersey Common Pension Fund D trimmed its holdings in First Community Bancshares, Inc. (NASDAQ:FCBC) by 9.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 51,223 shares of the bank’s stock after selling 5,249 shares during the period. State of New Jersey Common Pension Fund D’s holdings in First Community Bancshares were worth $2,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaQuest LLC purchased a new stake in shares of First Community Bancshares in the second quarter valued at about $49,000. Nisa Investment Advisors LLC raised its holdings in shares of First Community Bancshares by 224.8% in the first quarter. Nisa Investment Advisors LLC now owns 5,924 shares of the bank’s stock valued at $223,000 after buying an additional 4,100 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of First Community Bancshares in the first quarter valued at about $242,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of First Community Bancshares by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after buying an additional 474 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of First Community Bancshares by 19.5% in the second quarter. Stephens Inc. AR now owns 16,947 shares of the bank’s stock valued at $664,000 after buying an additional 2,761 shares during the last quarter. 34.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Community Bancshares in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

First Community Bancshares Trading Up 1.1%

Shares of FCBC opened at $32.58 on Friday. The firm’s 50-day moving average is $35.41 and its two-hundred day moving average is $37.37. First Community Bancshares, Inc. has a twelve month low of $31.74 and a twelve month high of $49.02. The firm has a market capitalization of $596.70 million, a P/E ratio of 12.11 and a beta of 0.64.

First Community Bancshares (NASDAQ:FCBC) last issued its earnings results on Tuesday, October 28th. The bank reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. First Community Bancshares had a net margin of 26.76% and a return on equity of 9.83%. The company had revenue of $42.19 million for the quarter, compared to analyst estimates of $40.40 million.

First Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a $0.31 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.24 annualized dividend and a dividend yield of 3.8%. First Community Bancshares’s dividend payout ratio is currently 46.10%.

First Community Bancshares Company Profile

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.