First Community Bancshares (NASDAQ:FCBC) Upgraded to “Hold” at Zacks Research

First Community Bancshares (NASDAQ:FCBC) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also commented on FCBC. Weiss Ratings reissued a “buy (b-)” rating on shares of First Community Bancshares in a research report on Thursday, June 18th. Raymond James Financial began coverage on shares of First Community Bancshares in a research note on Tuesday. They set a “market perform” rating on the stock. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

First Community Bancshares Trading Down 1.1%

Shares of NASDAQ FCBC opened at $45.12 on Wednesday. First Community Bancshares has a 12-month low of $31.21 and a 12-month high of $45.84. The company has a market cap of $851.41 million, a P/E ratio of 17.03 and a beta of 0.48. The stock has a fifty day moving average price of $43.15 and a 200 day moving average price of $39.98.

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 analysts’ consensus estimates of $0.72 by $0.01. First Community Bancshares had a return on equity of 10.44% and a net margin of 25.89%.The company had revenue of $78.05 million for the quarter, compared to analysts’ expectations of $44.20 million. On average, sell-side analysts forecast that First Community Bancshares will post 2.95 EPS for the current fiscal year.

Institutional Trading of First Community Bancshares

Hedge funds have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D lifted its position in shares of First Community Bancshares by 31.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 77,191 shares of the bank’s stock worth $2,604,000 after purchasing an additional 18,612 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 buying an additional 474 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in First Community Bancshares during the second quarter valued at approximately $360,000. Dynamic Technology Lab Private Ltd bought a new position in First Community Bancshares during the 3rd quarter worth approximately $231,000. Finally, Quadrant Capital Group LLC bought a new position in First Community Bancshares during the 4th quarter worth approximately $82,000. 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.