First Community Bankshares, Inc. (NASDAQ:FCBC) Short Interest Update

First Community Bankshares, Inc. (NASDAQ:FCBC) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 142,600 shares, a decrease of 9.5% from the August 31st total of 157,600 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 40,500 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Ratings Changes

Separately, Hovde Group began coverage on First Community Bankshares in a research report on Friday, June 28th. They set a “market perform” rating and a $38.00 price objective on the stock.

First Community Bankshares Stock Up 0.3 %

Shares of First Community Bankshares stock traded up $0.13 during trading on Friday, hitting $41.98. 45,342 shares of the stock traded hands, compared to its average volume of 33,572. The stock has a market cap of $770.50 million, a price-to-earnings ratio of 15.49 and a beta of 0.52. First Community Bankshares has a 52 week low of $28.13 and a 52 week high of $45.93. The firm’s fifty day moving average is $42.61 and its 200-day moving average is $37.43.

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

First Community Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.24 annualized dividend and a dividend yield of 2.95%. This is a positive change from First Community Bankshares’s previous quarterly dividend of $0.29. First Community Bankshares’s dividend payout ratio is currently 45.76%.

Insiders Place Their Bets

In other First Community Bankshares news, SVP Sarah W. Harmon sold 2,593 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $44.46, for a total value of $115,284.78. Following the transaction, the senior vice president now directly owns 4,855 shares in the company, valued at approximately $215,853.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 worth $109,000 after acquiring an additional 361 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in First Community Bankshares by 4.4% during 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 in the last quarter. Empowered Funds LLC increased its position in First Community Bankshares by 8.0% during the 1st quarter. Empowered Funds LLC now owns 26,012 shares of the bank’s stock valued at $901,000 after buying an additional 1,925 shares in the last quarter. American Century Companies Inc. increased its position in First Community Bankshares by 4.4% during the 2nd quarter. American Century Companies Inc. now owns 50,513 shares of the bank’s stock valued at $1,861,000 after buying an additional 2,110 shares in the last quarter. Finally, Mather Group LLC. bought a new position in First Community Bankshares during the 1st quarter valued at approximately $128,000. 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.