Martingale Asset Management L P Boosts Position in First Community Bancshares, Inc. (FCBC)

Martingale Asset Management L P increased its holdings in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,321 shares of the bank’s stock after acquiring an additional 2,002 shares during the period. Martingale Asset Management L P owned approximately 0.40% of First Community Bancshares worth $1,869,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in First Community Bancshares by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 968,016 shares of the bank’s stock worth $24,172,000 after acquiring an additional 35,087 shares in the last quarter. Systematic Financial Management LP boosted its stake in First Community Bancshares by 1.9% during the second quarter. Systematic Financial Management LP now owns 676,995 shares of the bank’s stock worth $18,516,000 after acquiring an additional 12,780 shares in the last quarter. Vanguard Group Inc. boosted its stake in First Community Bancshares by 3.8% during the first quarter. Vanguard Group Inc. now owns 565,497 shares of the bank’s stock worth $14,120,000 after acquiring an additional 20,561 shares in the last quarter. Renaissance Technologies LLC boosted its stake in First Community Bancshares by 3.9% during the first quarter. Renaissance Technologies LLC now owns 204,392 shares of the bank’s stock worth $5,104,000 after acquiring an additional 7,692 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in First Community Bancshares by 12.1% during the first quarter. Bank of New York Mellon Corp now owns 115,964 shares of the bank’s stock worth $2,896,000 after acquiring an additional 12,553 shares in the last quarter. 40.26% of the stock is currently owned by institutional investors and hedge funds.

First Community Bancshares, Inc. (NASDAQ FCBC) opened at 27.51 on Thursday. The stock has a 50 day moving average of $25.93 and a 200 day moving average of $26.12. The company has a market cap of $468.14 million, a P/E ratio of 18.45 and a beta of 0.71. First Community Bancshares, Inc. has a 52 week low of $20.47 and a 52 week high of $31.94.

First Community Bancshares (NASDAQ:FCBC) last posted its earnings results on Tuesday, July 25th. The bank reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $27.77 million for the quarter. First Community Bancshares had a net margin of 21.56% and a return on equity of 7.38%. On average, analysts expect that First Community Bancshares, Inc. will post $1.58 earnings per share for the current year.

In other First Community Bancshares news, President Gary R. Mills bought 1,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were acquired at an average price of $27.38 per share, with a total value of $27,380.00. Following the transaction, the president now owns 16,533 shares of the company’s stock, valued at approximately $452,673.54. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.33% of the company’s stock.

Several equities research analysts recently commented on the stock. BidaskClub lowered shares of First Community Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of First Community Bancshares in a research note on Sunday, July 30th.

COPYRIGHT VIOLATION NOTICE: “Martingale Asset Management L P Boosts Position in First Community Bancshares, Inc. (FCBC)” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/09/21/martingale-asset-management-l-p-boosts-position-in-first-community-bancshares-inc-fcbc.html.

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.

Institutional Ownership by Quarter for First Community Bancshares (NASDAQ:FCBC)

Receive News & Ratings for First Community Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Community Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply