State Board of Administration of Florida Retirement System held its position in shares of First Community Bancshares Inc (NASDAQ:FCBC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,717 shares of the bank’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System owned 0.20% of First Community Bancshares worth $1,016,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of FCBC. Wells Fargo & Company MN increased its position in shares of First Community Bancshares by 23.0% in the third quarter. Wells Fargo & Company MN now owns 7,999 shares of the bank’s stock worth $198,000 after buying an additional 1,496 shares during the last quarter. Genesee Valley Trust Co. purchased a new position in shares of First Community Bancshares during the third quarter worth $201,000. Bessemer Group Inc. increased its position in shares of First Community Bancshares by 17.7% in the fourth quarter. Bessemer Group Inc. now owns 11,300 shares of the bank’s stock worth $341,000 after buying an additional 1,700 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of First Community Bancshares during the third quarter worth $345,000. Finally, Smith Asset Management Group LP increased its position in First Community Bancshares by 1.9% in the third quarter. Smith Asset Management Group LP now owns 19,913 shares of the bank’s stock valued at $494,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 38.64% of the company’s stock.
First Community Bancshares Inc (NASDAQ:FCBC) traded up 0.92% during trading on Friday, hitting $25.33. 21,253 shares of the company’s stock traded hands. The company’s 50 day moving average price is $25.11 and its 200 day moving average price is $26.85. First Community Bancshares Inc has a 52-week low of $19.84 and a 52-week high of $31.94. The company has a market cap of $430.46 million, a PE ratio of 17.47 and a beta of 0.86.
First Community Bancshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, January 24th. The bank reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The business earned $27.20 million during the quarter. First Community Bancshares had a return on equity of 7.44% and a net margin of 20.63%. Analysts expect that First Community Bancshares Inc will post $1.54 earnings per share for the current year.
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Separately, Keefe, Bruyette & Woods set a $27.00 price objective on shares of First Community Bancshares and gave the company a “hold” rating in a report on Tuesday, April 4th.
About First Community Bancshares
First Community Bancshares, Inc is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Bank operates as First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a Division of First Community Bank, in Tennessee.
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