First Community Bankshares (NASDAQ:FCBC) Shares Down 4.1%

First Community Bankshares, Inc. (NASDAQ:FCBC)’s share price were down 4.1% on Tuesday . The company traded as low as $34.88 and last traded at $34.88. Approximately 2,675 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 30,936 shares. The stock had previously closed at $36.37.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FCBC shares. StockNews.com raised shares of First Community Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. Hovde Group started coverage on shares of First Community Bankshares in a report on Friday, June 28th. They issued a “market perform” rating and a $38.00 price target for the company.

First Community Bankshares Stock Down 1.5 %

The business’s fifty day moving average is $34.64 and its two-hundred day moving average is $34.32. The firm has a market cap of $662.44 million, a price-to-earnings ratio of 13.32 and a beta of 0.53.

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

First Community Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, May 9th. First Community Bankshares’s dividend payout ratio is presently 42.80%.

Institutional Trading of First Community Bankshares

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in First Community Bankshares during the 4th quarter worth $49,000. Mather Group LLC. acquired a new position in shares of First Community Bankshares in the 1st quarter valued at $128,000. Gratus Capital LLC acquired a new position in shares of First Community Bankshares in the 4th quarter valued at $237,000. SG Americas Securities LLC grew its holdings in shares of First Community Bankshares by 17.9% in the 4th quarter. SG Americas Securities LLC now owns 9,700 shares of the bank’s stock valued at $360,000 after buying an additional 1,472 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of First Community Bankshares by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,781 shares of the bank’s stock valued at $443,000 after buying an additional 539 shares during the period. Institutional investors and hedge funds own 34.95% of the company’s stock.

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.