one8zero8 LLC Takes Position in First Community Bancshares, Inc. $FCBC

one8zero8 LLC purchased a new position in First Community Bancshares, Inc. (NASDAQ:FCBC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,281 shares of the bank’s stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in First Community Bancshares by 81.0% in the 1st quarter. Renaissance Technologies LLC now owns 55,188 shares of the bank’s stock valued at $2,291,000 after acquiring an additional 24,694 shares during the last quarter. Sei Investments Co. lifted its stake in First Community Bancshares by 119.7% in the 1st quarter. Sei Investments Co. now owns 20,373 shares of the bank’s stock worth $846,000 after purchasing an additional 11,100 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of First Community Bancshares by 60.8% during the 1st quarter. Quantinno Capital Management LP now owns 26,968 shares of the bank’s stock worth $1,120,000 after purchasing an additional 10,195 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of First Community Bancshares by 2,509.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 15,654 shares of the bank’s stock worth $528,000 after purchasing an additional 15,054 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of First Community Bancshares in the second quarter valued at approximately $461,000. 34.95% of the stock is currently owned by institutional investors and hedge funds.

First Community Bancshares Price Performance

First Community Bancshares stock opened at $48.56 on Thursday. The firm has a 50 day simple moving average of $45.98 and a 200-day simple moving average of $43.04. The stock has a market cap of $918.27 million, a price-to-earnings ratio of 15.32 and a beta of 0.48. First Community Bancshares, Inc. has a 1-year low of $31.21 and a 1-year high of $50.00.

First Community Bancshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.67%. The firm had revenue of $81.71 million for the quarter, compared to analyst estimates of $51.20 million. Equities analysts expect that First Community Bancshares, Inc. will post 3.04 earnings per share 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. Shareholders of record on Friday, August 7th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.7%. This is a positive change 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 41.64%.

Analyst Ratings Changes

Several equities research analysts recently commented on FCBC shares. Weiss Ratings raised First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Raymond James Financial started coverage on First Community Bancshares in a research note on Tuesday, June 30th. They set a “market perform” rating on the stock. Finally, Zacks Research upgraded First Community Bancshares to a “hold” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, First Community Bancshares presently has a consensus rating of “Hold”.

Insider Buying and Selling

In other First Community Bancshares news, President Gary R. Mills sold 3,500 shares of First Community Bancshares stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $47.67, for a total value of $166,845.00. Following the sale, the president owned 5,798 shares in the company, valued at $276,390.66. The trade was a 37.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.66% of the stock is owned by corporate insiders.

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.