Bank of New York Mellon Corp Decreases Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

Bank of New York Mellon Corp trimmed its stake in First Community Bankshares, Inc. (NASDAQ:FCBC) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,487 shares of the bank’s stock after selling 17,955 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.51% of First Community Bankshares worth $3,893,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of First Community Bankshares by 2.5% in the third quarter. State Street Corp now owns 424,564 shares of the bank’s stock worth $18,320,000 after acquiring an additional 10,166 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of First Community Bankshares by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,798 shares of the bank’s stock worth $5,903,000 after acquiring an additional 2,605 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Community Bankshares by 67.2% in the third 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 last quarter. Barclays PLC raised its holdings in shares of First Community Bankshares by 219.6% in the third quarter. Barclays PLC now owns 29,709 shares of the bank’s stock worth $1,282,000 after acquiring an additional 20,412 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of First Community Bankshares in the third quarter worth $802,000. 34.95% of the stock is owned by institutional investors and hedge funds.

First Community Bankshares Stock Down 0.0 %

NASDAQ FCBC opened at $38.70 on Wednesday. First Community Bankshares, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $49.02. The stock has a market cap of $709.25 million, a price-to-earnings ratio of 13.63 and a beta of 0.53. The business has a fifty day moving average of $41.15 and a 200-day moving average of $42.75.

First Community Bankshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.71 earnings per share for the quarter. First Community Bankshares had a return on equity of 10.35% and a net margin of 27.81%.

First Community Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.31 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.24 annualized dividend and a yield of 3.20%. First Community Bankshares’s payout ratio is currently 43.66%.

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.