First Community Bankshares (NASDAQ:FCBC) Stock Crosses Above Two Hundred Day Moving Average of $0.00

Shares of First Community Bankshares Inc (NASDAQ:FCBC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $33.44. First Community Bankshares shares last traded at $32.95, with a volume of 4,136 shares trading hands.

Separately, BidaskClub lowered First Community Bankshares from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 11th.

The stock’s 50-day simple moving average is $32.91. The firm has a market cap of $517.91 million, a PE ratio of 14.46 and a beta of 0.68.

First Community Bankshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. First Community Bankshares had a return on equity of 11.07% and a net margin of 30.26%. The firm had revenue of $31.64 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.05%. This is an increase from First Community Bankshares’s previous quarterly dividend of $0.21.

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of First Community Bankshares by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,177,114 shares of the bank’s stock worth $37,055,000 after acquiring an additional 14,772 shares during the last quarter. Vanguard Group Inc. raised its position in shares of First Community Bankshares by 0.4% during the second quarter. Vanguard Group Inc. now owns 730,921 shares of the bank’s stock worth $24,676,000 after acquiring an additional 3,171 shares during the last quarter. Northern Trust Corp raised its position in shares of First Community Bankshares by 2.7% during the second quarter. Northern Trust Corp now owns 196,419 shares of the bank’s stock worth $6,632,000 after acquiring an additional 5,219 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of First Community Bankshares by 1.0% during the second quarter. JPMorgan Chase & Co. now owns 167,051 shares of the bank’s stock worth $5,506,000 after acquiring an additional 1,631 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of First Community Bankshares by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 154,541 shares of the bank’s stock worth $4,864,000 after acquiring an additional 8,035 shares during the last quarter. Institutional investors own 41.88% of the company’s stock.

About First Community Bankshares (NASDAQ:FCBC)

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 arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

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