First Community Bankshares (NASDAQ:FCBC) Stock Passes Above 200 Day Moving Average – Should You Sell?

First Community Bankshares, Inc. (NASDAQ:FCBC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $37.91 and traded as high as $41.63. First Community Bankshares shares last traded at $41.43, with a volume of 39,518 shares traded.

Analyst Upgrades and Downgrades

Separately, Hovde Group assumed coverage on shares of First Community Bankshares in a research report on Friday, June 28th. They set a “market perform” rating and a $38.00 price target for the company.

First Community Bankshares Trading Down 0.7 %

The company’s 50 day moving average price is $42.13 and its two-hundred day moving average price is $37.91. The firm has a market cap of $760.41 million, a PE ratio of 15.29 and a beta of 0.52.

First Community Bankshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $41.25 million during the quarter. First Community Bankshares had a return on equity of 11.30% and a net margin of 28.30%.

First Community Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.31 dividend. This is a boost from First Community Bankshares’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Friday, August 9th. First Community Bankshares’s dividend payout ratio (DPR) is presently 45.76%.

Insider Activity at First Community Bankshares

In other First Community Bankshares news, SVP Sarah W. Harmon sold 2,593 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $44.46, for a total value of $115,284.78. Following the completion of the sale, the senior vice president now directly owns 4,855 shares in the company, valued at approximately $215,853.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.67% of the stock is owned by company insiders.

Institutional Trading of First Community Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in 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 worth $109,000 after acquiring an additional 361 shares in the last quarter. Mather Group LLC. purchased a new stake in First Community Bankshares in the 1st quarter valued at about $128,000. SG Americas Securities LLC lifted its holdings in shares of First Community Bankshares by 80.5% in the 3rd quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock worth $262,000 after acquiring an additional 2,710 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of First Community Bankshares in the 2nd quarter valued at $297,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of First Community Bankshares by 4.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,781 shares of the bank’s stock worth $443,000 after purchasing an additional 539 shares in the last quarter. 34.95% of the stock is currently owned by institutional investors and hedge funds.

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.