Derek Bonnett Buys 501 Shares of First Community Bancshares (NASDAQ:FCBC) Stock

First Community Bancshares, Inc. (NASDAQ:FCBC) insider Derek Bonnett bought 501 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was bought at an average cost of $34.93 per share, for a total transaction of $17,499.93. Following the transaction, the insider directly owned 501 shares of the company’s stock, valued at $17,499.93. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

First Community Bancshares Price Performance

Shares of FCBC opened at $38.57 on Wednesday. The firm has a 50-day simple moving average of $34.14 and a two-hundred day simple moving average of $34.90. The stock has a market cap of $706.60 million, a PE ratio of 14.50 and a beta of 0.61. First Community Bancshares, Inc. has a 1-year low of $31.21 and a 1-year high of $45.57.

First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. The firm had revenue of $43.79 million during the quarter, compared to analysts’ expectations of $43.20 million. First Community Bancshares had a net margin of 26.32% and a return on equity of 10.16%.

First Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.24 annualized dividend and a yield of 3.2%. First Community Bancshares’s dividend payout ratio is presently 46.62%.

Analysts Set New Price Targets

Several equities analysts have weighed in on FCBC shares. Wall Street Zen upgraded shares of First Community Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, November 29th. Weiss Ratings restated a “hold (c)” rating on shares of First Community Bancshares in a report on Wednesday, January 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Institutional Trading of First Community Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in First Community Bancshares by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock worth $382,000 after acquiring an additional 474 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of First Community Bancshares by 10.5% in the 2nd quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank’s stock valued at $206,000 after buying an additional 499 shares during the period. Aquatic Capital Management LLC boosted its position in shares of 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 purchasing an additional 501 shares in the last quarter. City Holding Co. lifted its stake in shares of First Community Bancshares by 98.5% in the third quarter. City Holding Co. now owns 1,042 shares of the bank’s stock valued at $36,000 after purchasing an additional 517 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in First Community Bancshares by 56.0% in the second quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock valued at $63,000 after buying an additional 577 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.

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.