First Community Bancshares (NASDAQ:FCBC) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of First Community Bancshares, Inc. (NASDAQ:FCBC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $38.69 and traded as high as $45.00. First Community Bancshares shares last traded at $43.67, with a volume of 82,415 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of First Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

First Community Bancshares Stock Performance

The company has a market cap of $824.05 million, a PE ratio of 16.48 and a beta of 0.48. The firm has a fifty day simple moving average of $42.60 and a 200 day simple moving average of $38.69.

First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $78.05 million during the quarter, compared to analysts’ expectations of $44.20 million. First Community Bancshares had a return on equity of 10.44% and a net margin of 25.89%.

First Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.24 annualized dividend and a dividend yield of 2.8%. First Community Bancshares’s payout ratio is currently 46.79%.

Institutional Trading of First Community Bancshares

Several institutional investors have recently made changes to their positions in FCBC. Goldman Sachs Group Inc. grew its stake in shares of First Community Bancshares by 122.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 97,773 shares of the bank’s stock valued at $3,298,000 after buying an additional 53,804 shares during the period. Two Sigma Investments LP purchased a new stake in shares of First Community Bancshares during the 3rd quarter valued at $1,366,000. Vanguard Group Inc. grew its stake in shares of First Community Bancshares by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,052,046 shares of the bank’s stock valued at $36,611,000 after buying an additional 33,184 shares during the period. AQR Capital Management LLC grew its stake in shares of First Community Bancshares by 51.8% during the 4th quarter. AQR Capital Management LLC now owns 76,204 shares of the bank’s stock valued at $2,570,000 after buying an additional 25,990 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of First Community Bancshares during the 1st quarter valued at $976,000. 34.95% of the stock is owned by hedge funds and other institutional investors.

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.