First Community Bancshares (NASDAQ:FCBC) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

First Community Bancshares (NASDAQ:FCBC) released its quarterly earnings results on Tuesday. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.05, FiscalAI reports. First Community Bancshares had a net margin of 25.89% and a return on equity of 10.44%. The business had revenue of $92.09 million for the quarter, compared to analysts’ expectations of $51.20 million.

First Community Bancshares Trading Down 0.0%

Shares of FCBC stock traded down $0.02 during trading on Tuesday, reaching $44.63. 70,011 shares of the company’s stock traded hands, compared to its average volume of 79,911. The company has a market capitalization of $842.03 million, a P/E ratio of 16.84 and a beta of 0.48. The firm’s 50-day moving average is $43.49 and its 200 day moving average is $40.81. First Community Bancshares has a 1 year low of $31.21 and a 1 year high of $45.84.

First Community Bancshares Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently issued reports on FCBC. 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. Weiss Ratings reissued a “buy (b-)” rating on shares of First Community Bancshares in a research report on Thursday, June 18th. Finally, Zacks Research raised First Community Bancshares to a “hold” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Trading of First Community Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mariner LLC grew its holdings in shares of First Community Bancshares by 2.3% during the fourth quarter. Mariner LLC now owns 19,291 shares of the bank’s stock worth $651,000 after purchasing an additional 437 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in First Community Bancshares by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after purchasing an additional 474 shares in the last quarter. Osaic Holdings Inc. lifted 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 valued at $206,000 after purchasing an additional 499 shares during the last quarter. Aquatic Capital Management LLC grew its stake in First Community Bancshares by 78.0% in the 3rd quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock worth $40,000 after buying an additional 501 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of First Community Bancshares by 56.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock worth $63,000 after acquiring an additional 577 shares during the last quarter. 34.95% of the stock is currently owned by 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.