BlackRock Inc. Has $40.95 Million Position in First Community Bankshares Inc (NASDAQ:FCBC)

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BlackRock Inc. cut its stake in shares of First Community Bankshares Inc (NASDAQ:FCBC) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,213,072 shares of the bank’s stock after selling 10,087 shares during the quarter. BlackRock Inc. owned approximately 0.08% of First Community Bankshares worth $40,954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FCBC. Bank of Montreal Can lifted its stake in shares of First Community Bankshares by 68.1% in the 2nd quarter. Bank of Montreal Can now owns 3,179 shares of the bank’s stock valued at $107,000 after purchasing an additional 1,288 shares during the period. Gratus Capital LLC acquired a new position in shares of First Community Bankshares in the 2nd quarter valued at about $216,000. Stone Ridge Asset Management LLC lifted its stake in shares of First Community Bankshares by 6.6% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 8,066 shares of the bank’s stock valued at $272,000 after purchasing an additional 500 shares during the period. Acadian Asset Management LLC lifted its stake in shares of First Community Bankshares by 28.5% in the 2nd quarter. Acadian Asset Management LLC now owns 48,411 shares of the bank’s stock valued at $1,634,000 after purchasing an additional 10,748 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of First Community Bankshares by 2.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 52,278 shares of the bank’s stock valued at $1,765,000 after purchasing an additional 1,055 shares during the period. 41.63% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub raised First Community Bankshares from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th.

Shares of NASDAQ:FCBC opened at $31.97 on Friday. The company has a market capitalization of $503.45 million, a price-to-earnings ratio of 13.97 and a beta of 0.62. The business’s 50-day moving average is $32.31 and its 200-day moving average is $33.14. First Community Bankshares Inc has a 1 year low of $27.06 and a 1 year high of $36.48.

First Community Bankshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $31.64 million for the quarter. First Community Bankshares had a return on equity of 11.07% and a net margin of 30.26%.

About First Community Bankshares

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

Further Reading: Technical Analysis of Stocks, How Can It Help

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

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