Empowered Funds LLC Decreases Stake in First Community Bankshares, Inc. (NASDAQ:FCBC)

Empowered Funds LLC lessened its holdings in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) by 74.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,138 shares of the bank’s stock after selling 20,854 shares during the period. Empowered Funds LLC’s holdings in First Community Bankshares were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in FCBC. Northwestern Mutual Wealth Management Co. grew its position in shares of First Community Bankshares by 14.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock valued at $109,000 after purchasing an additional 361 shares during the period. Price T Rowe Associates Inc. MD increased its stake 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 worth $443,000 after buying an additional 539 shares in the last quarter. American Century Companies Inc. increased its stake 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 worth $1,861,000 after buying an additional 2,110 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of First Community Bankshares by 80.5% during the third quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock valued at $262,000 after acquiring an additional 2,710 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of First Community Bankshares by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 124,760 shares of the bank’s stock valued at $4,596,000 after acquiring an additional 4,623 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.

First Community Bankshares Stock Performance

Shares of FCBC opened at $46.93 on Tuesday. The stock has a 50 day moving average price of $43.67 and a 200 day moving average price of $40.38. First Community Bankshares, Inc. has a one year low of $31.00 and a one year high of $49.02. The stock has a market capitalization of $858.35 million, a price-to-earnings ratio of 16.82 and a beta of 0.52.

First Community Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, November 8th. First Community Bankshares’s payout ratio is 44.44%.

Insider Activity

In other First Community Bankshares news, CFO David D. Brown sold 2,520 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total transaction of $120,960.00. Following the transaction, the chief financial officer now owns 12,676 shares of the company’s stock, valued at approximately $608,448. The trade was a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jason R. Belcher sold 6,384 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $46.49, for a total value of $296,792.16. Following the completion of the sale, the senior vice president now owns 15,317 shares of the company’s stock, valued at approximately $712,087.33. The trade was a 29.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.67% 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.