First Community Bancshares (NASDAQ:FCBC) Sets New 1-Year High – Time to Buy?

Shares of First Community Bancshares, Inc. (NASDAQ:FCBC) hit a new 52-week high during trading on Friday . The stock traded as high as $45.78 and last traded at $45.1720, with a volume of 382674 shares. The stock had previously closed at $44.32.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of First Community Bancshares in a report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, First Community Bancshares has a consensus rating of “Buy”.

First Community Bancshares Trading Up 1.9%

The business has a fifty day moving average of $42.93 and a 200 day moving average of $39.59. The company has a market capitalization of $852.26 million, a PE ratio of 17.05 and a beta of 0.48.

First Community Bancshares (NASDAQ:FCBC) last released its 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 company had revenue of $78.05 million during the quarter, compared to the consensus estimate of $44.20 million. First Community Bancshares had a return on equity of 10.44% and a net margin of 25.89%.

First Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.31 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.7%. First Community Bancshares’s payout ratio is 46.79%.

Institutional Investors Weigh In On First Community Bancshares

A number of hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in First Community Bancshares by 87.3% in the 1st quarter. AQR Capital Management LLC now owns 18,145 shares of the bank’s stock valued at $684,000 after buying an additional 8,457 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of First Community Bancshares by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock worth $382,000 after acquiring an additional 474 shares during the period. Jane Street Group LLC acquired a new stake in shares of First Community Bancshares in the first quarter valued at $976,000. Legal & General Group Plc boosted its holdings in First Community Bancshares by 17.4% in the second quarter. Legal & General Group Plc now owns 16,659 shares of the bank’s stock valued at $653,000 after purchasing an additional 2,468 shares during the period. Finally, American Century Companies Inc. grew its stake in First Community Bancshares by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 41,198 shares of the bank’s stock worth $1,614,000 after purchasing an additional 2,582 shares in the last quarter. 34.95% of the stock is currently owned by institutional investors and hedge funds.

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.