First Community Bancshares (NASDAQ:FCBC) Sets New 1-Year High – Time to Buy?

First Community Bancshares, Inc. (NASDAQ:FCBC) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $45.78 and last traded at $45.1720, with a volume of 382674 shares. The stock had previously closed at $44.32.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Community Bancshares in a report on Thursday, June 18th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

First Community Bancshares Trading Up 1.9%

The firm has a market capitalization of $852.26 million, a price-to-earnings ratio of 17.05 and a beta of 0.48. The company has a fifty day moving average price of $42.93 and a two-hundred day moving average price of $39.59.

First Community Bancshares (NASDAQ:FCBC) last posted 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 firm had revenue of $78.05 million during the quarter, compared to analysts’ expectations of $44.20 million. First Community Bancshares had a return on equity of 10.44% and a net margin of 25.89%.

First Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.24 annualized dividend and a dividend yield of 2.7%. First Community Bancshares’s payout ratio is presently 46.79%.

Institutional Investors Weigh In On First Community Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of FCBC. State of New Jersey Common Pension Fund D grew its holdings in shares of First Community Bancshares by 31.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 77,191 shares of the bank’s stock worth $2,604,000 after purchasing an additional 18,612 shares during the period. Hsbc Holdings PLC raised its holdings in First Community Bancshares by 1.2% in the 4th quarter. Hsbc Holdings PLC now owns 35,959 shares of the bank’s stock valued at $1,205,000 after buying an additional 418 shares during the period. Rockefeller Capital Management L.P. lifted its position in First Community Bancshares by 2,509.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,654 shares of the bank’s stock valued at $528,000 after buying an additional 15,054 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in First Community Bancshares in the fourth quarter valued at about $89,000. Finally, SG Americas Securities LLC boosted its stake in First Community Bancshares by 19.6% during the fourth quarter. SG Americas Securities LLC now owns 4,354 shares of the bank’s stock worth $147,000 after buying an additional 714 shares during the period. 34.95% of the stock is currently owned by institutional investors and hedge funds.

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.