First Community Bancshares (NASDAQ:FCBC) Reaches New 12-Month Low – Here’s Why

First Community Bancshares, Inc. (NASDAQ:FCBC)’s stock price hit a new 52-week low on Friday . The company traded as low as $32.68 and last traded at $32.85, with a volume of 12718 shares trading hands. The stock had previously closed at $33.32.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of First Community Bancshares in a research report on Wednesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

First Community Bancshares Price Performance

The company has a market cap of $596.87 million, a price-to-earnings ratio of 11.93 and a beta of 0.64. The business has a 50 day simple moving average of $36.26 and a 200 day simple moving average of $37.80.

First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $41.00 million for the quarter, compared to analyst estimates of $40.60 million. First Community Bancshares had a return on equity of 9.68% and a net margin of 27.07%.

First Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.8%. First Community Bancshares’s payout ratio is currently 45.42%.

Institutional Investors Weigh In On First Community Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in FCBC. Heartwood Wealth Advisors LLC bought a new stake in shares of First Community Bancshares during the third quarter worth $37,000. AlphaQuest LLC bought a new stake in shares of First Community Bancshares during the second quarter worth $49,000. BNP Paribas Financial Markets raised its position in shares of First Community Bancshares by 56.0% during the second quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock worth $63,000 after acquiring an additional 577 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in First Community Bancshares by 656.3% in the second quarter. Tower Research Capital LLC TRC now owns 3,963 shares of the bank’s stock valued at $155,000 after purchasing an additional 3,439 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in First Community Bancshares by 10.5% in the second quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank’s stock valued at $206,000 after purchasing an additional 499 shares during the last quarter. Institutional investors own 34.95% of the company’s stock.

First Community Bancshares Company Profile

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 plans; and commercial, consumer real estate, and consumer and other loans.