Assenagon Asset Management S.A. Sells 15,555 Shares of First Community Bankshares, Inc. (NASDAQ:FCBC)

Assenagon Asset Management S.A. decreased its holdings in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) by 65.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,305 shares of the bank’s stock after selling 15,555 shares during the period. Assenagon Asset Management S.A.’s holdings in First Community Bankshares were worth $346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Barclays PLC increased its position 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 buying an additional 20,412 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of First Community Bankshares by 67.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,133 shares of the bank’s stock worth $1,343,000 after acquiring an additional 12,514 shares during the period. Franklin Resources Inc. raised its position in shares of First Community Bankshares by 11.8% in the 3rd quarter. Franklin Resources Inc. now owns 10,950 shares of the bank’s stock worth $475,000 after acquiring an additional 1,158 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $109,000 after purchasing an additional 361 shares during the period. Finally, Creative Planning bought a new stake in shares of First Community Bankshares during the third quarter valued at approximately $367,000. Hedge funds and other institutional investors own 34.95% of the company’s stock.

First Community Bankshares Stock Performance

Shares of NASDAQ FCBC opened at $41.86 on Friday. The company has a 50 day simple moving average of $43.26 and a two-hundred day simple moving average of $42.92. First Community Bankshares, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $49.02. The company has a market capitalization of $765.66 million, a price-to-earnings ratio of 15.00 and a beta of 0.58.

Insider Buying and Selling at First Community Bankshares

In other news, CFO David D. Brown sold 2,520 shares of First Community Bankshares 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 transaction, the chief financial officer now directly owns 12,676 shares of the company’s stock, valued at $608,448. The trade was a 16.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jason R. Belcher sold 6,384 shares of First Community Bankshares 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 transaction, the senior vice president now owns 15,317 shares in the company, valued at approximately $712,087.33. This trade represents a 29.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.67% 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.