First Community Bancshares, Inc. $FCBC Holdings Raised by Sei Investments Co.

Sei Investments Co. raised its stake in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 119.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,373 shares of the bank’s stock after buying an additional 11,100 shares during the period. Sei Investments Co. owned about 0.11% of First Community Bancshares worth $846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FCBC. Hsbc Holdings PLC increased its stake in shares of First Community Bancshares by 1.2% in the fourth quarter. Hsbc Holdings PLC now owns 35,959 shares of the bank’s stock worth $1,205,000 after acquiring an additional 418 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in First Community Bancshares by 2,509.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 15,654 shares of the bank’s stock valued at $528,000 after purchasing an additional 15,054 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in First Community Bancshares during the fourth quarter valued at $229,000. Millennium Management LLC grew its stake in First Community Bancshares by 73.8% in the fourth quarter. Millennium Management LLC now owns 36,250 shares of the bank’s stock valued at $1,223,000 after purchasing an additional 15,391 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in First Community Bancshares by 51.8% in the 4th quarter. AQR Capital Management LLC now owns 76,204 shares of the bank’s stock worth $2,570,000 after purchasing an additional 25,990 shares during the last quarter. 34.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

First Community Bancshares Trading Up 0.6%

FCBC stock opened at $49.32 on Friday. The firm has a market cap of $932.64 million, a PE ratio of 15.56 and a beta of 0.48. First Community Bancshares, Inc. has a 1 year low of $31.21 and a 1 year high of $50.00. The company has a fifty day simple moving average of $45.54 and a 200 day simple moving average of $42.62.

First Community Bancshares (NASDAQ:FCBC) last posted its earnings results on Tuesday, July 21st. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.82%. The firm had revenue of $81.71 million for the quarter, compared to the consensus estimate of $51.20 million. As a group, analysts forecast that First Community Bancshares, Inc. will post 3.04 EPS for the current fiscal year.

First Community Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.33 per share. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, August 7th. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. First Community Bancshares’s dividend payout ratio is currently 41.64%.

Insider Activity at First Community Bancshares

In other news, President Gary R. Mills sold 3,500 shares of the stock in a transaction dated 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 owned 5,798 shares of the company’s stock, valued at approximately $276,390.66. This represents a 37.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.66% of the company’s stock.

First Community Bancshares Profile

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.