First Community Bankshares (NASDAQ:FCBC) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of First Community Bankshares, Inc. (NASDAQ:FCBC) saw an uptick in trading volume on Friday . 20,657 shares were traded during trading, a decline of 40% from the previous session’s volume of 34,204 shares.The stock last traded at $41.15 and had previously closed at $41.64.

First Community Bankshares Price Performance

The firm’s 50 day moving average price is $44.80 and its 200 day moving average price is $41.77. The stock has a market capitalization of $775.72 million, a P/E ratio of 15.20 and a beta of 0.56.

First Community Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Friday, November 8th. First Community Bankshares’s payout ratio is 44.44%.

Insider Transactions at First Community Bankshares

In related news, SVP Jason R. Belcher sold 6,384 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 15,317 shares of the company’s stock, valued at $712,087.33. This represents a 29.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David D. Brown sold 2,520 shares of First Community Bankshares stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $48.00, for a total value of $120,960.00. Following the sale, the chief financial officer now directly owns 12,676 shares in the company, valued at approximately $608,448. The trade was a 16.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Callan Family Office LLC bought a new position in shares of First Community Bankshares in the 2nd quarter worth about $14,523,000. Assenagon Asset Management S.A. bought a new position in shares of First Community Bankshares during the third quarter valued at approximately $1,030,000. Barclays PLC lifted its holdings in shares of First Community Bankshares by 219.6% during the third quarter. Barclays PLC now owns 29,709 shares of the bank’s stock valued at $1,282,000 after purchasing an additional 20,412 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of First Community Bankshares during the third quarter valued at approximately $802,000. Finally, Panagora Asset Management Inc. boosted its position in shares of First Community Bankshares by 22.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 60,583 shares of the bank’s stock worth $2,232,000 after purchasing an additional 10,944 shares in the last quarter. Institutional investors 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.