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

Shares of First Community Bancshares, Inc. (NASDAQ:FCBC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.43 and traded as high as $44.52. First Community Bancshares shares last traded at $43.94, with a volume of 52,136 shares traded.

Wall Street Analyst Weigh In

FCBC has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of First Community Bancshares in a research note on Thursday, June 18th. Zacks Research raised First Community Bancshares to a “hold” rating in a research note on Wednesday, July 1st. Finally, Raymond James Financial assumed coverage on First Community Bancshares in a report on Tuesday, June 30th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

First Community Bancshares Stock Up 1.3%

The firm has a market cap of $835.24 million, a PE ratio of 16.71 and a beta of 0.48. The stock’s fifty day simple moving average is $43.35 and its two-hundred day simple moving average is $40.50.

First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, April 28th. The bank reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. First Community Bancshares had a net margin of 25.89% and a return on equity of 10.44%. The firm had revenue of $78.05 million during the quarter, compared to analyst estimates of $44.20 million. On average, equities research analysts anticipate that First Community Bancshares, Inc. will post 2.95 earnings per share for the current fiscal year.

First Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, May 15th. This represents a $1.24 dividend on an annualized basis and a yield of 2.8%. First Community Bancshares’s payout ratio is presently 46.79%.

Institutional Investors Weigh In On First Community Bancshares

A number of institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in shares of First Community Bancshares during the third quarter valued at $26,000. Financial Consulate Inc. bought a new position in First Community Bancshares in the 4th quarter worth about $34,000. Aquatic Capital Management LLC grew 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 purchasing an additional 501 shares during the last quarter. Russell Investments Group Ltd. grew its position in First Community Bancshares by 1,717.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock valued at $48,000 after purchasing an additional 1,305 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in First Community Bancshares by 56.0% during the 2nd 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 last quarter. 34.95% of the stock is owned by hedge funds and other 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.