First Community Bancshares (NASDAQ:FCBC) Shares Gap Down – Here’s Why

First Community Bancshares, Inc. (NASDAQ:FCBC)’s share price gapped down prior to trading on Monday . The stock had previously closed at $36.27, but opened at $34.60. First Community Bancshares shares last traded at $35.1750, with a volume of 1,644 shares.

Wall Street Analyst Weigh In

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

First Community Bancshares Stock Up 0.4%

The company has a market cap of $636.35 million, a price-to-earnings ratio of 12.91 and a beta of 0.61. The company’s fifty day moving average price is $33.25 and its two-hundred day moving average price is $36.08.

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

First Community Bancshares Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, January 2nd. First Community Bancshares’s dividend payout ratio (DPR) is presently 46.10%.

Institutional Trading of First Community Bancshares

Several large investors have recently made changes to their positions in FCBC. Vanguard Group Inc. increased its position in First Community Bancshares by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,052,046 shares of the bank’s stock valued at $36,611,000 after purchasing an additional 33,184 shares during the period. Systematic Financial Management LP boosted its stake in shares of First Community Bancshares by 0.9% in the 2nd quarter. Systematic Financial Management LP now owns 543,724 shares of the bank’s stock valued at $21,298,000 after purchasing an additional 4,993 shares during the last quarter. Geode Capital Management LLC increased its position in shares of First Community Bancshares by 3.4% during the second quarter. Geode Capital Management LLC now owns 402,316 shares of the bank’s stock worth $15,761,000 after buying an additional 13,205 shares during the period. State of New Jersey Common Pension Fund D raised its stake in First Community Bancshares by 14.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,579 shares of the bank’s stock worth $2,039,000 after buying an additional 7,356 shares during the last quarter. Finally, Nuveen LLC acquired a new position in First Community Bancshares in the first quarter valued at $1,849,000. Institutional investors and hedge funds own 34.95% of the company’s stock.

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.