First Community Bancshares (NASDAQ:FCBC) Shares Gap Up – What’s Next?

First Community Bancshares, Inc. (NASDAQ:FCBC) gapped up before the market opened on Friday . The stock had previously closed at $33.58, but opened at $34.77. First Community Bancshares shares last traded at $34.6550, with a volume of 2,981 shares trading hands.

Analysts Set New Price Targets

FCBC has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of First Community Bancshares in a research note on Wednesday. Wall Street Zen raised First Community Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, November 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, First Community Bancshares presently has a consensus rating of “Hold”.

First Community Bancshares Stock Up 0.2%

The company has a market cap of $640.75 million, a price-to-earnings ratio of 13.15 and a beta of 0.61. The company’s 50-day moving average is $33.87 and its 200 day moving average is $35.04.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, January 27th. The bank reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. First Community Bancshares had a net margin of 26.32% and a return on equity of 10.16%. The business had revenue of $43.79 million during the quarter, compared to the consensus estimate of $43.20 million.

First Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.24 dividend on an annualized basis and a yield of 3.5%. First Community Bancshares’s dividend payout ratio is presently 46.62%.

Institutional Trading of First Community Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in FCBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of First Community Bancshares by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after buying an additional 474 shares in the last quarter. Osaic Holdings Inc. raised its position in First Community Bancshares by 10.5% during the second quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank’s stock worth $206,000 after acquiring an additional 499 shares during the period. Aquatic Capital Management LLC raised its position in 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 acquiring an additional 501 shares during the period. City Holding Co. lifted its holdings in First Community Bancshares by 98.5% during the third quarter. City Holding Co. now owns 1,042 shares of the bank’s stock valued at $36,000 after purchasing an additional 517 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of First Community Bancshares by 56.0% in 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 period. 34.95% of the stock is currently owned by hedge funds and other 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.