First Community Bankshares (NASDAQ:FCBC) Upgraded at StockNews.com

First Community Bankshares (NASDAQ:FCBC) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

First Community Bankshares Trading Up 0.1 %

Shares of NASDAQ FCBC opened at $33.51 on Friday. The firm has a market capitalization of $618.93 million, a PE ratio of 12.37 and a beta of 0.52. First Community Bankshares has a 1 year low of $22.55 and a 1 year high of $39.23. The firm’s 50-day moving average is $32.83 and its 200-day moving average is $33.83.

First Community Bankshares (NASDAQ:FCBC) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $42.53 million for the quarter, compared to analyst estimates of $41.98 million. First Community Bankshares had a net margin of 27.10% and a return on equity of 11.09%. As a group, equities research analysts anticipate that First Community Bankshares will post 2.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC bought a new position in First Community Bankshares during the 4th quarter worth approximately $49,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in First Community Bankshares by 149.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,334 shares of the bank’s stock worth $98,000 after acquiring an additional 1,995 shares during the last quarter. Mather Group LLC. bought a new position in First Community Bankshares during the 1st quarter worth approximately $128,000. Gratus Capital LLC bought a new position in First Community Bankshares during the 4th quarter worth approximately $237,000. Finally, SG Americas Securities LLC bought a new position in First Community Bankshares during the 3rd quarter worth approximately $242,000. Institutional investors own 34.95% of the company’s stock.

First Community Bankshares 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.