First Community Bancshares (NASDAQ:FCBC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

First Community Bancshares, Inc. (NASDAQ:FCBC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.56 and traded as high as $42.03. First Community Bancshares shares last traded at $41.91, with a volume of 67,329 shares.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of First Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, First Community Bancshares presently has an average rating of “Buy”.

First Community Bancshares Stock Performance

The company has a market capitalization of $799.14 million, a P/E ratio of 15.98 and a beta of 0.48. The firm’s fifty day moving average is $41.93 and its 200 day moving average is $37.69.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $78.05 million for the quarter, compared to the consensus estimate of $44.20 million. First Community Bancshares had a net margin of 25.89% and a return on equity of 10.44%.

First Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, May 15th. First Community Bancshares’s dividend payout ratio is presently 46.79%.

Institutional Investors Weigh In On First Community Bancshares

Several large investors have recently added to or reduced their stakes in FCBC. Goldman Sachs Group Inc. boosted its position in First Community Bancshares by 122.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 97,773 shares of the bank’s stock valued at $3,298,000 after buying an additional 53,804 shares during the period. Two Sigma Investments LP purchased a new stake in First Community Bancshares in the 3rd quarter valued at about $1,366,000. Vanguard Group Inc. boosted its position in First Community Bancshares by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,052,046 shares of the bank’s stock valued at $36,611,000 after buying an additional 33,184 shares during the period. AQR Capital Management LLC boosted its position in First Community Bancshares by 51.8% in the 4th quarter. AQR Capital Management LLC now owns 76,204 shares of the bank’s stock valued at $2,570,000 after buying an additional 25,990 shares during the period. Finally, Jane Street Group LLC purchased a new stake in First Community Bancshares in the 1st quarter valued at about $976,000. 34.95% of the stock is owned by hedge funds and other institutional investors.

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.