First Community Bankshares (NASDAQ:FCBC) Sees Large Volume Increase

First Community Bankshares, Inc. (NASDAQ:FCBC) saw an uptick in trading volume on Friday . 34,534 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 33,089 shares.The stock last traded at $45.19 and had previously closed at $45.71.

Wall Street Analysts Forecast Growth

Separately, Hovde Group began 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 on the stock.

First Community Bankshares Stock Down 2.3 %

The company’s 50 day moving average price is $42.40 and its 200 day moving average price is $36.96. The firm has a market capitalization of $820.06 million, a price-to-earnings ratio of 16.87 and a beta of 0.52.

First Community Bankshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.79 EPS for the quarter. First Community Bankshares had a net margin of 28.30% and a return on equity of 11.30%. The business had revenue of $41.25 million during the quarter.

First Community Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.31 per share. The ex-dividend date was Friday, August 9th. This is an increase from First Community Bankshares’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 2.78%. First Community Bankshares’s payout ratio is currently 45.76%.

Insider Activity at First Community Bankshares

In related news, SVP Sarah W. Harmon sold 2,593 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $44.46, for a total transaction of $115,284.78. Following the completion of the transaction, the senior vice president now directly owns 4,855 shares in the company, valued at $215,853.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.67% of the stock is currently owned by insiders.

Institutional Trading of First Community Bankshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Community Bankshares by 14.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock worth $109,000 after purchasing an additional 361 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of First Community Bankshares during the first quarter worth about $128,000. AQR Capital Management LLC purchased a new stake in First Community Bankshares during the 2nd quarter valued at about $297,000. BNP Paribas Financial Markets raised its holdings in First Community Bankshares by 60.9% in the 4th quarter. BNP Paribas Financial Markets now owns 12,252 shares of the bank’s stock valued at $455,000 after acquiring an additional 4,636 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in 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 acquiring an additional 539 shares during the last quarter. Hedge funds and other institutional investors own 34.95% of the company’s stock.

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.