First Community Bancshares (NASDAQ:FCBC) SVP Sarah Harmon Sells 4,329 Shares of Stock

First Community Bancshares, Inc. (NASDAQ:FCBC) SVP Sarah Harmon sold 4,329 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $49.21, for a total transaction of $213,030.09. Following the completion of the transaction, the senior vice president owned 8,141 shares of the company’s stock, valued at approximately $400,618.61. This represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

First Community Bancshares Stock Performance

NASDAQ:FCBC opened at $49.55 on Tuesday. The company has a 50-day moving average of $46.32 and a 200-day moving average of $43.29. The company has a market capitalization of $936.99 million, a price-to-earnings ratio of 15.63 and a beta of 0.48. First Community Bancshares, Inc. has a 52 week low of $31.21 and a 52 week high of $50.17.

First Community Bancshares (NASDAQ:FCBC) last released its quarterly earnings data on Tuesday, July 21st. The bank reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $81.71 million for the quarter, compared to analyst estimates of $51.20 million. First Community Bancshares had a return on equity of 10.67% and a net margin of 28.84%. Sell-side analysts forecast that First Community Bancshares, Inc. will post 3.04 EPS for the current year.

First Community Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.32 annualized dividend and a yield of 2.7%. This is an increase from First Community Bancshares’s previous quarterly dividend of $0.31. First Community Bancshares’s payout ratio is 41.64%.

Wall Street Analyst Weigh In

Several analysts have weighed in on FCBC shares. Zacks Research raised shares of First Community Bancshares to a “hold” rating in a research note on Wednesday, July 1st. Raymond James Financial started coverage on shares of First Community Bancshares in a research note on Tuesday, June 30th. They issued a “market perform” rating for the company. Finally, Weiss Ratings raised First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FCBC. Global Retirement Partners LLC bought a new stake in First Community Bancshares during the 2nd quarter worth about $25,000. Advisory Services Network LLC acquired a new position in shares of First Community Bancshares during the third quarter worth approximately $26,000. Aquatic Capital Management LLC lifted its position in shares of First Community Bancshares by 78.0% during the third quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock worth $40,000 after purchasing an additional 501 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of First Community Bancshares by 1,717.1% during the third quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock valued at $48,000 after purchasing an additional 1,305 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake 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 valued at $63,000 after purchasing an additional 577 shares during the last quarter. 34.95% of the stock is owned by institutional investors.

First Community Bancshares Company 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.