Jane Street Group LLC Cuts Stock Holdings in First Community Bankshares, Inc. (NASDAQ:FCBC)

Jane Street Group LLC lessened its holdings in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) by 50.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,586 shares of the bank’s stock after selling 10,690 shares during the quarter. Jane Street Group LLC owned 0.06% of First Community Bankshares worth $457,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FCBC. State Street Corp boosted its holdings in First Community Bankshares by 2.5% in the 3rd 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 period. Charles Schwab Investment Management Inc. lifted its position in shares of First Community Bankshares by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 136,798 shares of the bank’s stock worth $5,903,000 after purchasing an additional 2,605 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of First Community Bankshares by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 124,760 shares of the bank’s stock worth $4,596,000 after acquiring an additional 4,623 shares in the last quarter. American Century Companies Inc. increased its stake in First Community Bankshares by 4.4% during the second quarter. American Century Companies Inc. now owns 50,513 shares of the bank’s stock valued at $1,861,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in First Community Bankshares during the third quarter worth about $1,030,000. Institutional investors and hedge funds own 34.95% of the company’s stock.

Insider Activity at First Community Bankshares

In related news, CFO David D. Brown sold 2,520 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $48.00, for a total transaction of $120,960.00. Following the completion of the sale, the chief financial officer now directly owns 12,676 shares of the company’s stock, valued at $608,448. This represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason R. Belcher sold 6,384 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $46.49, for a total value of $296,792.16. Following the sale, the senior vice president now directly owns 15,317 shares of the company’s stock, valued at approximately $712,087.33. This represents a 29.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.67% of the stock is owned by insiders.

First Community Bankshares Trading Down 0.9 %

Shares of First Community Bankshares stock opened at $40.67 on Tuesday. The stock has a market capitalization of $743.89 million, a price-to-earnings ratio of 14.58 and a beta of 0.58. First Community Bankshares, Inc. has a twelve month low of $31.00 and a twelve month high of $49.02. The business’s 50 day simple moving average is $44.44 and its 200-day simple moving average is $42.49.

First Community Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.05%. First Community Bankshares’s payout ratio is currently 44.44%.

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.