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

StockNews.com upgraded shares of First Community Bankshares (NASDAQ:FCBC) from a sell rating to a hold rating in a research report report published on Saturday.

First Community Bankshares Stock Performance

Shares of FCBC opened at $33.31 on Friday. The firm has a market cap of $615.24 million, a PE ratio of 12.29 and a beta of 0.52. First Community Bankshares has a 52-week low of $22.55 and a 52-week high of $39.23. The business’s 50 day moving average price is $32.83 and its two-hundred day moving average price is $33.89.

First Community Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.48%. The ex-dividend date is Thursday, May 9th. First Community Bankshares’s dividend payout ratio (DPR) is currently 42.80%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of First Community Bankshares during the third quarter worth approximately $242,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 valued at $98,000 after purchasing an additional 1,995 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in First Community Bankshares during the third quarter worth $929,000. Teacher Retirement System of Texas lifted its stake in shares of First Community Bankshares by 15.1% in the third quarter. Teacher Retirement System of Texas now owns 11,902 shares of the bank’s stock valued at $351,000 after buying an additional 1,559 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of First Community Bankshares by 26.6% during the third quarter. Swiss National Bank now owns 38,079 shares of the bank’s stock valued at $1,121,000 after buying an additional 8,000 shares during the last quarter. 34.95% of the stock is owned by institutional investors and hedge funds.

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.