Citadel Advisors LLC Acquires Shares of 13,754 First Community Bancshares Inc (NASDAQ:FCBC)

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Citadel Advisors LLC bought a new stake in First Community Bancshares Inc (NASDAQ:FCBC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,754 shares of the bank’s stock, valued at approximately $438,000. Citadel Advisors LLC owned about 0.08% of First Community Bancshares as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in First Community Bancshares during the first quarter worth about $120,000. Canandaigua National Bank & Trust Co. purchased a new position in shares of First Community Bancshares in the 2nd quarter worth about $205,000. Lincoln National Corp purchased a new position in shares of First Community Bancshares in the 1st quarter worth about $250,000. Wells Fargo & Company MN grew its stake in shares of First Community Bancshares by 9.3% in the first quarter. Wells Fargo & Company MN now owns 25,426 shares of the bank’s stock valued at $760,000 after buying an additional 2,167 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of First Community Bancshares in the second quarter valued at about $832,000. 42.43% of the stock is currently owned by institutional investors.

In related news, COO E Stephen Lilly sold 8,629 shares of First Community Bancshares stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $32.92, for a total transaction of $284,066.68. Following the completion of the sale, the chief operating officer now owns 17,926 shares of the company’s stock, valued at $590,123.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.41% of the stock is currently owned by company insiders.

Shares of FCBC traded down $1.52 during midday trading on Friday, reaching $31.77. The stock had a trading volume of 28,140 shares, compared to its average volume of 28,515. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $561.55 million, a PE ratio of 17.29 and a beta of 0.61. First Community Bancshares Inc has a 52 week low of $25.85 and a 52 week high of $36.09.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, July 24th. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $29.28 million for the quarter. First Community Bancshares had a return on equity of 9.65% and a net margin of 21.33%.

Separately, BidaskClub upgraded First Community Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday.

First Community Bancshares Company Profile

First Community Bancshares, Inc operates as the holding company for First Community Bank that provides various commercial banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

Featured Story: Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for First Community Bancshares (NASDAQ:FCBC)

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