First Community Bancshares (NASDAQ:FCBC) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of First Community Bancshares, Inc. (NASDAQ:FCBC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $35.54 and traded as high as $40.68. First Community Bancshares shares last traded at $40.48, with a volume of 86,681 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently commented on FCBC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Community Bancshares in a research note on Wednesday, January 28th. Wall Street Zen raised shares of First Community Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, November 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

First Community Bancshares Stock Performance

The firm’s fifty day moving average price is $38.25 and its 200 day moving average price is $35.55. The firm has a market cap of $757.48 million, a P/E ratio of 14.92 and a beta of 0.57.

First Community Bancshares (NASDAQ:FCBC) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. The firm had revenue of $43.79 million for the quarter, compared to the consensus estimate of $43.20 million. First Community Bancshares had a net margin of 26.32% and a return on equity of 10.17%.

First Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, February 13th. First Community Bancshares’s dividend payout ratio is 46.62%.

Hedge Funds Weigh In On First Community Bancshares

A number of large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in First Community Bancshares by 1.2% during the fourth quarter. Hsbc Holdings PLC now owns 35,959 shares of the bank’s stock valued at $1,205,000 after acquiring an additional 418 shares during the last quarter. Mariner LLC lifted its holdings in shares of First Community Bancshares by 2.3% during the 4th quarter. Mariner LLC now owns 19,291 shares of the bank’s stock valued at $651,000 after purchasing an additional 437 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of First Community Bancshares by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock worth $382,000 after purchasing an additional 474 shares in the last quarter. Osaic Holdings Inc. grew its stake in First Community Bancshares by 10.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank’s stock worth $206,000 after buying an additional 499 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its position in First Community Bancshares by 78.0% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock valued at $40,000 after buying an additional 501 shares in the last quarter. 34.95% of the stock is currently owned by institutional investors.

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.