First Community Bancshares (NASDAQ:FCBC) Stock Price Down 4.6% – Should You Sell?

First Community Bancshares, Inc. (NASDAQ:FCBC) fell 4.6% on Friday . The company traded as low as $34.74 and last traded at $34.6050. 15,280 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 43,188 shares. The stock had previously closed at $36.27.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FCBC. Weiss Ratings reiterated a “hold (c)” rating on shares of First Community Bancshares in a report on Friday, October 31st. Wall Street Zen raised First Community Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, November 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, First Community Bancshares presently has a consensus rating of “Hold”.

First Community Bancshares Price Performance

The company has a market cap of $631.12 million, a PE ratio of 12.81 and a beta of 0.61. The stock has a fifty day moving average price of $33.21 and a 200-day moving average price of $36.11.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, October 28th. The bank reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $42.19 million during the quarter, compared to analyst estimates of $40.40 million. First Community Bancshares had a return on equity of 9.82% and a net margin of 26.76%.

First Community Bancshares Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be paid a $1.00 dividend. The ex-dividend date is Friday, January 2nd. First Community Bancshares’s dividend payout ratio is currently 46.10%.

Hedge Funds Weigh In On First Community Bancshares

A number of hedge funds have recently modified their holdings of FCBC. State of Alaska Department of Revenue purchased a new position in First Community Bancshares in the third quarter valued at about $25,000. Advisory Services Network LLC bought a new position in First Community Bancshares during the third quarter valued at approximately $26,000. City Holding Co. lifted its stake in First Community Bancshares by 98.5% in the third quarter. City Holding Co. now owns 1,042 shares of the bank’s stock valued at $36,000 after acquiring an additional 517 shares during the last quarter. Heartwood Wealth Advisors LLC bought a new stake in First Community Bancshares in the third quarter worth approximately $37,000. Finally, Aquatic Capital Management LLC increased its stake in shares of First Community Bancshares by 78.0% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock worth $40,000 after purchasing an additional 501 shares during the last quarter. 34.95% of the stock is owned by institutional investors and hedge funds.

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.