First Community Bancshares (NASDAQ:FCBC) Announces Earnings Results, Beats Estimates By $0.10 EPS

First Community Bancshares (NASDAQ:FCBC) released its quarterly earnings results on Tuesday. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.10, FiscalAI reports. The firm had revenue of $43.79 million for the quarter, compared to analysts’ expectations of $43.20 million. First Community Bancshares had a net margin of 26.76% and a return on equity of 9.82%.

First Community Bancshares Trading Down 0.3%

Shares of NASDAQ FCBC opened at $33.85 on Wednesday. The stock has a 50-day moving average price of $33.77 and a two-hundred day moving average price of $35.06. First Community Bancshares has a 12 month low of $31.21 and a 12 month high of $45.57. The company has a market cap of $620.13 million, a price-to-earnings ratio of 12.58 and a beta of 0.61.

First Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, February 13th. First Community Bancshares’s payout ratio is currently 46.10%.

Hedge Funds Weigh In On First Community Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCBC. AQR Capital Management LLC grew its stake in shares of First Community Bancshares by 87.3% during the first quarter. AQR Capital Management LLC now owns 18,145 shares of the bank’s stock worth $684,000 after buying an additional 8,457 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in First Community Bancshares by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after purchasing an additional 474 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of First Community Bancshares during the first quarter valued at about $976,000. Stephens Inc. AR grew its holdings in shares of First Community Bancshares by 19.5% during the second quarter. Stephens Inc. AR now owns 16,947 shares of the bank’s stock worth $664,000 after purchasing an additional 2,761 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of First Community Bancshares in the second quarter valued at approximately $49,000. Institutional investors own 34.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FCBC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of First Community Bancshares in a research note on Friday, October 31st. Wall Street Zen raised shares of First Community Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, November 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, First Community Bancshares presently has an average 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.