Insider Selling: First Community Bankshares, Inc. (NASDAQ:FCBC) CFO Sells $120,960.00 in Stock

First Community Bankshares, Inc. (NASDAQ:FCBC) CFO David D. Brown sold 2,520 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $48.00, for a total value of $120,960.00. Following the transaction, the chief financial officer now directly owns 12,676 shares of the company’s stock, valued at $608,448. The trade was a 16.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

First Community Bankshares Stock Performance

Shares of FCBC opened at $45.70 on Friday. The stock has a 50 day moving average price of $43.28 and a 200 day moving average price of $39.93. The stock has a market capitalization of $835.85 million, a price-to-earnings ratio of 16.38 and a beta of 0.52. First Community Bankshares, Inc. has a one year low of $31.00 and a one year high of $49.02.

First Community Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, November 8th. First Community Bankshares’s dividend payout ratio is currently 44.44%.

Hedge Funds Weigh In On First Community Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in First Community Bankshares by 14.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock valued at $109,000 after acquiring an additional 361 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of First Community Bankshares by 80.5% in the third quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock valued at $262,000 after purchasing an additional 2,710 shares during the last quarter. AQR Capital Management LLC purchased a new position in First Community Bankshares during the second quarter worth approximately $297,000. Creative Planning acquired a new position in First Community Bankshares during the third quarter worth $367,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in First Community Bankshares in the 3rd quarter valued at $372,000. 34.95% of the stock is currently owned by institutional investors and hedge funds.

First Community Bankshares 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.