Gary Mills Sells 3,500 Shares of First Community Bancshares (NASDAQ:FCBC) Stock

First Community Bancshares, Inc. (NASDAQ:FCBC) President Gary Mills sold 3,500 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $47.67, for a total transaction of $166,845.00. Following the transaction, the president directly owned 5,798 shares in the company, valued at $276,390.66. This trade represents a 37.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

First Community Bancshares Price Performance

NASDAQ:FCBC opened at $47.72 on Friday. The stock has a market cap of $900.48 million, a P/E ratio of 15.05 and a beta of 0.48. First Community Bancshares, Inc. has a one year low of $31.21 and a one year high of $49.35. The company has a fifty day moving average price of $44.47 and a 200 day moving average price of $41.66.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, July 21st. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $92.09 million during the quarter, compared to the consensus estimate of $51.20 million. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.82%. As a group, equities research analysts anticipate that First Community Bancshares, Inc. will post 3.04 EPS for the current year.

First Community Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.33 per share. This is an increase from First Community Bancshares’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. First Community Bancshares’s dividend payout ratio (DPR) is currently 39.12%.

Hedge Funds Weigh In On First Community Bancshares

Hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC bought a new position in shares of First Community Bancshares during the 3rd quarter worth about $26,000. Financial Consulate Inc. acquired a new stake in shares of First Community Bancshares during the 4th quarter valued at about $34,000. Aquatic Capital Management LLC increased its stake in First Community Bancshares by 78.0% in the third quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock valued at $40,000 after acquiring an additional 501 shares during the period. Russell Investments Group Ltd. increased its stake in First Community Bancshares by 1,717.1% in the third quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,305 shares during the period. Finally, BNP Paribas Financial Markets raised its position in First Community Bancshares by 56.0% in the second quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock worth $63,000 after purchasing an additional 577 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FCBC shares. Raymond James Financial initiated coverage on First Community Bancshares in a research report on Tuesday, June 30th. They set a “market perform” rating on the stock. Zacks Research raised First Community Bancshares to a “hold” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Community Bancshares in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.