First Community Bankshares (NASDAQ:FCBC) Stock Price Passes Above 200 Day Moving Average of $34.36

First Community Bankshares, Inc. (NASDAQ:FCBC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.36 and traded as high as $34.65. First Community Bankshares shares last traded at $34.20, with a volume of 21,980 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of First Community Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, April 27th.

First Community Bankshares Price Performance

The firm’s fifty day simple moving average is $34.08 and its 200 day simple moving average is $34.36. The company has a market capitalization of $627.57 million, a price-to-earnings ratio of 12.62 and a beta of 0.52.

First Community Bankshares (NASDAQ:FCBC) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.60 by $0.11. The business had revenue of $40.89 million during the quarter, compared to analysts’ expectations of $39.72 million. First Community Bankshares had a net margin of 27.10% and a return on equity of 11.04%. Equities research analysts forecast that First Community Bankshares, Inc. will post 2.59 earnings per share for the current fiscal year.

First Community Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Thursday, May 9th. First Community Bankshares’s dividend payout ratio is currently 42.80%.

Institutional Trading of First Community Bankshares

Several institutional investors have recently made changes to their positions in the stock. Swiss National Bank lifted its stake in First Community Bankshares by 26.6% in the third quarter. Swiss National Bank now owns 38,079 shares of the bank’s stock valued at $1,121,000 after acquiring an additional 8,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in First Community Bankshares by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 132,477 shares of the bank’s stock valued at $3,901,000 after acquiring an additional 3,554 shares during the last quarter. Vanguard Group Inc. lifted its stake in First Community Bankshares by 1.6% in the third quarter. Vanguard Group Inc. now owns 789,887 shares of the bank’s stock valued at $23,262,000 after acquiring an additional 12,742 shares during the last quarter. Summit Financial Group Inc. lifted its stake in First Community Bankshares by 2.6% in the fourth quarter. Summit Financial Group Inc. now owns 38,442 shares of the bank’s stock valued at $1,426,000 after acquiring an additional 990 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in First Community Bankshares by 17.9% in the fourth quarter. SG Americas Securities LLC now owns 9,700 shares of the bank’s stock valued at $360,000 after acquiring an additional 1,472 shares during the last quarter. 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.