First Community Bancshares (NASDAQ:FCBC) President Gary Mills Sells 3,500 Shares of Stock

First Community Bancshares, Inc. (NASDAQ:FCBC) President Gary Mills sold 3,500 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.67, for a total value of $166,845.00. Following the transaction, the president owned 5,798 shares of the company’s stock, valued at approximately $276,390.66. The trade was a 37.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

First Community Bancshares Trading Down 0.0%

Shares of FCBC stock opened at $47.63 on Friday. The stock has a market capitalization of $898.78 million, a price-to-earnings ratio of 15.03 and a beta of 0.48. First Community Bancshares, Inc. has a 12-month low of $31.21 and a 12-month high of $49.35. The stock’s 50-day moving average price is $44.36 and its 200-day moving average price is $41.62.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, July 21st. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $92.09 million during the quarter, compared to analyst estimates of $51.20 million. First Community Bancshares had a return on equity of 10.82% and a net margin of 28.84%. As a group, research analysts predict that First Community Bancshares, Inc. will post 3.04 EPS for the current fiscal year.

First Community Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, August 7th. First Community Bancshares’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

Several research firms have commented on FCBC. Raymond James Financial started coverage on shares of First Community Bancshares in a research report on Tuesday, June 30th. They set a “market perform” rating for the company. Zacks Research raised shares of First Community Bancshares to a “hold” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of First Community Bancshares in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Community Bancshares has an average rating of “Hold”.

Institutional Trading of First Community Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in shares of First Community Bancshares by 122.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 97,773 shares of the bank’s stock worth $3,298,000 after purchasing an additional 53,804 shares during the last quarter. Two Sigma Investments LP bought a new stake in First Community Bancshares during the 3rd quarter valued at about $1,366,000. Vanguard Group Inc. lifted its holdings 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 buying an additional 33,184 shares in the last quarter. AQR Capital Management LLC boosted its position in First Community Bancshares by 51.8% in the 4th quarter. AQR Capital Management LLC now owns 76,204 shares of the bank’s stock valued at $2,570,000 after buying an additional 25,990 shares during the period. Finally, Jane Street Group LLC purchased a new stake in First Community Bancshares in the 1st quarter valued at about $976,000. 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.