First Community Bankshares, Inc. (NASDAQ:FCBC) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in First Community Bankshares, Inc. (NASDAQ:FCBC) by 80.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,076 shares of the bank’s stock after purchasing an additional 2,710 shares during the period. SG Americas Securities LLC’s holdings in First Community Bankshares were worth $262,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System acquired a new stake in First Community Bankshares in the first quarter valued at approximately $772,000. Burke & Herbert Bank & Trust Co. acquired a new stake in First Community Bankshares in the second quarter valued at approximately $1,412,000. Vanguard Group Inc. grew its holdings in First Community Bankshares by 12.6% in the first quarter. Vanguard Group Inc. now owns 916,310 shares of the bank’s stock valued at $31,732,000 after purchasing an additional 102,183 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in 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 period. Finally, Bank of New York Mellon Corp grew its holdings in First Community Bankshares by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 124,760 shares of the bank’s stock valued at $4,596,000 after purchasing an additional 4,623 shares during the period. 34.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Sarah W. Harmon sold 2,593 shares of First Community Bankshares stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $44.46, for a total transaction of $115,284.78. Following the transaction, the senior vice president now owns 4,855 shares in the company, valued at approximately $215,853.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Hovde Group assumed coverage on First Community Bankshares in a research note on Friday, June 28th. They issued a “market perform” rating and a $38.00 price target on the stock.

First Community Bankshares Price Performance

Shares of NASDAQ:FCBC opened at $44.03 on Monday. The business’s 50 day moving average price is $42.53 and its 200-day moving average price is $38.38. The firm has a market capitalization of $808.13 million, a PE ratio of 16.25 and a beta of 0.52. First Community Bankshares, Inc. has a 1 year low of $28.55 and a 1 year high of $45.93.

First Community Bankshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $41.25 million for 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.31 per share. This is an increase from First Community Bankshares’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.24 dividend on an annualized basis and a yield of 2.82%. First Community Bankshares’s dividend payout ratio (DPR) is presently 45.76%.

First Community Bankshares 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.