First Community Bankshares (NASDAQ:FCBC) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

First Community Bankshares, Inc. (NASDAQ:FCBC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.07 and traded as high as $44.12. First Community Bankshares shares last traded at $43.94, with a volume of 31,627 shares changing hands.

First Community Bankshares Stock Performance

The stock has a market capitalization of $803.66 million, a price-to-earnings ratio of 15.47 and a beta of 0.57. The business has a 50-day moving average of $42.86 and a 200-day moving average of $43.07.

First Community Bankshares (NASDAQ:FCBC) last posted its quarterly earnings data 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, February 14th. This represents a $1.24 annualized dividend and a dividend yield of 2.82%. First Community Bankshares’s payout ratio is currently 43.66%.

Insider Buying and Selling at First Community Bankshares

In other news, SVP Jason R. Belcher sold 6,384 shares of First Community Bankshares stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $46.49, for a total transaction of $296,792.16. Following the completion of the sale, the senior vice president now directly owns 15,317 shares in the company, valued at $712,087.33. The trade was a 29.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David D. Brown sold 2,520 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total value 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 position. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Community Bankshares

Several hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of First Community Bankshares by 18.3% in the fourth quarter. SG Americas Securities LLC now owns 7,185 shares of the bank’s stock worth $299,000 after buying an additional 1,109 shares during the period. JPMorgan Chase & Co. lifted its position in shares of First Community Bankshares by 67.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,133 shares of the bank’s stock worth $1,343,000 after buying an additional 12,514 shares during the last quarter. Franklin Resources Inc. raised its position in shares of First Community Bankshares by 11.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,950 shares of the bank’s stock worth $475,000 after purchasing an additional 1,158 shares during the period. Barclays PLC lifted its position in First Community Bankshares by 219.6% in the 3rd quarter. Barclays PLC now owns 29,709 shares of the bank’s stock valued at $1,282,000 after purchasing an additional 20,412 shares during the last quarter. Finally, State Street Corp grew 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 buying an additional 10,166 shares in the last quarter. 34.95% of the stock is 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.