The Manufacturers Life Insurance Company Lowers Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

The Manufacturers Life Insurance Company decreased its stake in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,195 shares of the bank’s stock after selling 258 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in First Community Bankshares were worth $267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake 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 buying an additional 361 shares in the last quarter. American Century Companies Inc. grew its stake in First Community Bankshares by 4.4% in the 2nd quarter. American Century Companies Inc. now owns 50,513 shares of the bank’s stock worth $1,861,000 after acquiring an additional 2,110 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of First Community Bankshares by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,798 shares of the bank’s stock valued at $5,903,000 after acquiring an additional 2,605 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of First Community Bankshares by 80.5% during the 3rd quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock worth $262,000 after buying an additional 2,710 shares during the last quarter. Finally, Bank of New York Mellon Corp raised 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 buying an additional 4,623 shares during the period. Institutional investors and hedge funds own 34.95% of the company’s stock.

Insider Buying and Selling

In other First Community Bankshares news, SVP Jason R. Belcher sold 6,384 shares of First Community Bankshares stock in a transaction on Friday, November 8th. The stock was sold at an average price of $46.49, for a total transaction of $296,792.16. Following the sale, the senior vice president now owns 15,317 shares of the company’s stock, valued at $712,087.33. The trade was a 29.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David D. Brown sold 2,520 shares of the business’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 sale, the chief financial officer now owns 12,676 shares in the company, valued at $608,448. This trade represents a 16.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.67% of the company’s stock.

First Community Bankshares Price Performance

Shares of NASDAQ FCBC opened at $45.78 on Tuesday. The company has a market capitalization of $837.36 million, a price-to-earnings ratio of 16.41 and a beta of 0.56. The business has a 50-day moving average of $44.72 and a 200-day moving average of $41.64. First Community Bankshares, Inc. has a 1-year low of $31.00 and a 1-year high of $49.02.

First Community Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, November 8th. First Community Bankshares’s dividend payout ratio (DPR) is 44.44%.

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.