First Community Bankshares, Inc. (NASDAQ:FCBC) Shares Bought by State Street Corp

State Street Corp grew its stake in First Community Bankshares, Inc. (NASDAQ:FCBC) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 424,564 shares of the bank’s stock after buying an additional 10,166 shares during the period. State Street Corp owned 2.32% of First Community Bankshares worth $18,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FCBC. Assenagon Asset Management S.A. purchased a new stake in First Community Bankshares during the third quarter worth $1,030,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 last quarter. Bank of New York Mellon Corp lifted its position in First Community Bankshares by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 124,760 shares of the bank’s stock worth $4,596,000 after buying an additional 4,623 shares in the last quarter. Creative Planning acquired a new position in First Community Bankshares during the third quarter worth $367,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of First Community Bankshares in the third quarter valued at about $802,000. Hedge funds and other institutional investors own 34.95% of the company’s stock.

First Community Bankshares Stock Performance

Shares of First Community Bankshares stock opened at $42.01 on Tuesday. The stock has a 50 day moving average of $44.77 and a 200 day moving average of $41.94. The firm has a market capitalization of $768.40 million, a price-to-earnings ratio of 15.06 and a beta of 0.55. First Community Bankshares, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $49.02.

First Community Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.95%. First Community Bankshares’s dividend payout ratio is presently 44.44%.

Insiders Place Their Bets

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

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.