State of New Jersey Common Pension Fund D Grows Position in First Community Bancshares, Inc. $FCBC

State of New Jersey Common Pension Fund D raised its holdings in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 31.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,191 shares of the bank’s stock after buying an additional 18,612 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in First Community Bancshares were worth $2,604,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Financial Consulate Inc. purchased a new stake in shares of First Community Bancshares during the fourth quarter worth $34,000. Daytona Street Capital LLC purchased a new stake in shares of First Community Bancshares during the fourth quarter worth $111,000. Signaturefd LLC grew its holdings in shares of First Community Bancshares by 45.5% during the fourth quarter. Signaturefd LLC now owns 5,184 shares of the bank’s stock worth $175,000 after buying an additional 1,622 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of First Community Bancshares by 19.6% during the fourth quarter. SG Americas Securities LLC now owns 4,354 shares of the bank’s stock worth $147,000 after buying an additional 714 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of First Community Bancshares by 42.9% during the third quarter. JPMorgan Chase & Co. now owns 27,077 shares of the bank’s stock worth $942,000 after buying an additional 8,125 shares in the last quarter. Hedge funds and other institutional investors own 34.95% of the company’s stock.

First Community Bancshares Trading Up 0.6%

Shares of FCBC stock opened at $43.18 on Thursday. The company’s 50-day moving average price is $41.48 and its 200-day moving average price is $37.04. The stock has a market cap of $823.87 million, a price-to-earnings ratio of 16.29 and a beta of 0.48. First Community Bancshares, Inc. has a twelve month low of $31.21 and a twelve month high of $45.10.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $78.05 million for the quarter, compared to analysts’ expectations of $44.20 million. First Community Bancshares had a net margin of 25.89% and a return on equity of 10.53%.

First Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.24 dividend on an annualized basis and a yield of 2.9%. First Community Bancshares’s dividend payout ratio is presently 46.79%.

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 report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, First Community Bancshares presently has an average rating of “Buy”.

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.