First Community Bancshares (NASDAQ:FCBC) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

First Community Bancshares (NASDAQ:FCBC) posted its quarterly earnings results on Tuesday. The bank reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01, FiscalAI reports. First Community Bancshares had a return on equity of 10.44% and a net margin of 25.89%.The firm had revenue of $92.09 million for the quarter, compared to analyst estimates of $51.20 million.

First Community Bancshares Stock Performance

NASDAQ:FCBC opened at $44.63 on Wednesday. The stock’s fifty day moving average price is $43.54 and its two-hundred day moving average price is $40.88. First Community Bancshares has a 52-week low of $31.21 and a 52-week high of $45.84. The company has a market cap of $842.17 million, a price-to-earnings ratio of 16.84 and a beta of 0.48.

First Community Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a $0.33 dividend. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, August 7th. This represents a $1.32 annualized dividend and a yield of 3.0%. First Community Bancshares’s dividend payout ratio is presently 46.79%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On First Community Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in FCBC. Two Sigma Investments LP acquired a new position in shares of First Community Bancshares during the third quarter valued at $1,366,000. Marshall Wace LLP raised its holdings in First Community Bancshares by 23.8% during the 4th quarter. Marshall Wace LLP now owns 38,208 shares of the bank’s stock worth $1,289,000 after purchasing an additional 7,344 shares during the last quarter. Jane Street Group LLC bought a new stake in First Community Bancshares during the 1st quarter worth about $976,000. JPMorgan Chase & Co. boosted its stake in shares of First Community Bancshares by 42.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,077 shares of the bank’s stock valued at $942,000 after purchasing an additional 8,125 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of First Community Bancshares by 87.3% during the 1st quarter. AQR Capital Management LLC now owns 18,145 shares of the bank’s stock worth $684,000 after buying an additional 8,457 shares during the period. Institutional investors 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.