First Community Bancshares (NASDAQ:FCBC) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

First Community Bancshares, Inc. (NASDAQ:FCBC)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $38.69 and traded as high as $45.00. First Community Bancshares shares last traded at $43.67, with a volume of 82,415 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised First Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, First Community Bancshares presently has an average rating of “Buy”.

First Community Bancshares Trading Down 0.9%

The firm’s fifty day moving average price is $42.69 and its 200 day moving average price is $38.86. The stock has a market capitalization of $828.02 million, a price-to-earnings ratio of 16.56 and a beta of 0.48.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $0.73 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $44.20 million.

First Community Bancshares Dividend Announcement

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

Institutional Investors Weigh In On First Community Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of FCBC. Advisory Services Network LLC acquired a new stake in First Community Bancshares during the 3rd quarter worth $26,000. Financial Consulate Inc. acquired a new stake in First Community Bancshares during the 4th quarter worth $34,000. Aquatic Capital Management LLC raised its stake 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 worth $40,000 after acquiring an additional 501 shares in the last quarter. Russell Investments Group Ltd. increased its position in First Community Bancshares by 1,717.1% during the third quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock worth $48,000 after buying an additional 1,305 shares during the period. Finally, BNP Paribas Financial Markets increased its position in First Community Bancshares by 56.0% during the second quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock worth $63,000 after buying an additional 577 shares during the period. 34.95% of the stock is currently 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.