First Community Bancshares (NASDAQ:FCBC) Shares Gap Down – Should You Sell?

First Community Bancshares, Inc. (NASDAQ:FCBC)’s share price gapped down before the market opened on Friday . The stock had previously closed at $33.73, but opened at $33.05. First Community Bancshares shares last traded at $32.3750, with a volume of 5,660 shares traded.

Analyst Upgrades and Downgrades

FCBC has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of First Community Bancshares in a research note on Friday, October 31st. Wall Street Zen raised First Community Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, November 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

First Community Bancshares Price Performance

The stock’s 50-day moving average is $33.43 and its 200 day moving average is $35.85. The stock has a market cap of $584.85 million, a price-to-earnings ratio of 11.87 and a beta of 0.61.

First Community Bancshares (NASDAQ:FCBC) last issued its earnings results on Tuesday, October 28th. The bank reported $0.70 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $40.40 million.

First Community Bancshares Dividend Announcement

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

Institutional Trading of First Community Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in FCBC. 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 in the last quarter. Osaic Holdings Inc. boosted its stake in shares of First Community Bancshares by 10.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank’s stock worth $206,000 after acquiring an additional 499 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in shares of First Community Bancshares by 78.0% in 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 during the period. City Holding Co. increased its stake in First Community Bancshares by 98.5% in the 3rd quarter. City Holding Co. now owns 1,042 shares of the bank’s stock valued at $36,000 after purchasing an additional 517 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in First Community Bancshares by 56.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock valued at $63,000 after purchasing an additional 577 shares in the last quarter. 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.