First Community Bancshares (NASDAQ:FCBC) Releases Earnings Results, Beats Estimates By $0.01 EPS

First Community Bancshares (NASDAQ:FCBC) issued its earnings results on Tuesday. The bank reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01, FiscalAI reports. The firm had revenue of $48.51 million during the quarter, compared to the consensus estimate of $47.19 million. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.67%.

First Community Bancshares Stock Performance

Shares of FCBC stock traded down $0.91 during mid-day trading on Tuesday, hitting $47.45. 115,921 shares of the stock were exchanged, compared to its average volume of 86,063. The stock’s fifty day simple moving average is $48.11 and its two-hundred day simple moving average is $43.51. The stock has a market capitalization of $897.28 million, a price-to-earnings ratio of 14.97 and a beta of 0.49. First Community Bancshares has a 12-month low of $31.21 and a 12-month high of $50.17.

Insider Transactions at First Community Bancshares

In related news, SVP Sarah W. Harmon sold 4,329 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $49.21, for a total value of $213,030.09. Following the completion of the sale, the senior vice president directly owned 8,141 shares of the company’s stock, valued at $400,618.61. This represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Gary R. Mills sold 3,500 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.67, for a total value of $166,845.00. Following the completion of the sale, the president directly owned 5,798 shares of the company’s stock, valued at approximately $276,390.66. This trade represents a 37.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on FCBC shares. Weiss Ratings raised First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Raymond James Financial assumed coverage on First Community Bancshares in a report on Tuesday, June 30th. They issued a “market perform” rating on the stock. Finally, Zacks Research raised First Community Bancshares to a “hold” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

About First Community Bancshares

First Community Bancshares, Inc is a bank holding company headquartered in Bluefield, Virginia. Its principal subsidiary, First Community Bank, provides community banking services to individuals, families, businesses and organizations.

The bank offers a range of deposit products, including checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential mortgages, home equity loans, consumer loans, commercial and industrial financing, commercial real estate loans and other credit products for businesses and communities.

First Community Bank also provides services such as online and mobile banking, treasury management, investment and wealth management services, and other financial solutions.