First Community Bancshares (NASDAQ:FCBC) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of First Community Bancshares, Inc. (NASDAQ:FCBC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.04 and traded as high as $43.74. First Community Bancshares shares last traded at $43.18, with a volume of 82,915 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of First Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, First Community Bancshares has a consensus rating of “Buy”.

First Community Bancshares Price Performance

The firm has a market capitalization of $823.87 million, a PE ratio of 16.29 and a beta of 0.48. The firm has a fifty day moving average price of $41.48 and a 200 day moving average price of $37.04.

First Community Bancshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. First Community Bancshares had a net margin of 25.89% and a return on equity of 10.53%. The business had revenue of $78.05 million for the quarter, compared to analyst estimates of $44.20 million.

First Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, May 15th. First Community Bancshares’s dividend payout ratio (DPR) is presently 46.79%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC acquired a new position in shares of First Community Bancshares during the third quarter worth approximately $721,000. Truist Financial Corp acquired a new stake in First Community Bancshares during the third quarter worth about $468,000. Daytona Street Capital LLC bought a new stake in shares of First Community Bancshares in the 4th quarter worth approximately $111,000. Signaturefd LLC increased its position in shares of First Community Bancshares by 45.5% during the fourth quarter. Signaturefd LLC now owns 5,184 shares of the bank’s stock valued at $175,000 after purchasing an additional 1,622 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of First Community Bancshares by 19.6% in the fourth quarter. SG Americas Securities LLC now owns 4,354 shares of the bank’s stock valued at $147,000 after purchasing an additional 714 shares in the last quarter. Institutional investors own 34.95% of the company’s stock.

About First Community Bancshares

First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.

The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.