Wells Fargo & Company MN lifted its holdings in First Community Bancshares, Inc. (NASDAQ:FCBC) by 17.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,834 shares of the bank’s stock after purchasing an additional 2,252 shares during the period. Wells Fargo & Company MN owned about 0.09% of First Community Bancshares worth $405,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its stake in shares of First Community Bancshares by 3.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 82,165 shares of the bank’s stock worth $2,052,000 after purchasing an additional 3,078 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of First Community Bancshares by 7.7% in the 2nd quarter. Bessemer Group Inc. now owns 16,700 shares of the bank’s stock worth $457,000 after purchasing an additional 1,200 shares during the last quarter. Summit Financial Group Inc. purchased a new position in shares of First Community Bancshares in the second quarter worth approximately $3,123,000. PNC Financial Services Group Inc. increased its position in shares of First Community Bancshares by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 9,780 shares of the bank’s stock worth $244,000 after acquiring an additional 380 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of First Community Bancshares by 3.8% in 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. 40.26% of the stock is currently owned by institutional investors.
First Community Bancshares, Inc. (FCBC) opened at $28.12 on Wednesday. The firm has a market cap of $474.46, a P/E ratio of 18.02 and a beta of 0.73. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.14. First Community Bancshares, Inc. has a 1 year low of $23.23 and a 1 year high of $32.24.
First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, October 24th. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $29.19 million for the quarter. First Community Bancshares had a net margin of 22.32% and a return on equity of 7.67%.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, November 2nd. First Community Bancshares’s dividend payout ratio (DPR) is currently 45.86%.
Several research firms have recently weighed in on FCBC. Keefe, Bruyette & Woods reissued a “hold” rating on shares of First Community Bancshares in a research report on Sunday, July 30th. BidaskClub downgraded shares of First Community Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.
First Community Bancshares Profile
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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