First Community Bankshares (NASDAQ:FCBC) Shares Down 4.1%

First Community Bankshares, Inc. (NASDAQ:FCBC)’s stock price traded down 4.1% on Tuesday . The stock traded as low as $34.88 and last traded at $34.88. 2,675 shares traded hands during trading, a decline of 91% from the average session volume of 30,936 shares. The stock had previously closed at $36.37.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Hovde Group assumed coverage on First Community Bankshares in a report on Friday. They set a “market perform” rating and a $38.00 price objective on the stock. StockNews.com raised First Community Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th.

First Community Bankshares Trading Down 0.1 %

The company has a 50 day moving average of $34.52 and a 200 day moving average of $34.32. The firm has a market cap of $666.66 million, a price-to-earnings ratio of 13.42 and a beta of 0.52.

First Community Bankshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.71 EPS for the quarter, beating the consensus estimate of $0.60 by $0.11. The business had revenue of $40.89 million for the quarter, compared to analyst estimates of $39.72 million. First Community Bankshares had a return on equity of 11.04% and a net margin of 27.10%. As a group, sell-side analysts anticipate that First Community Bankshares, Inc. will post 2.59 EPS for the current fiscal year.

First Community Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.16 annualized dividend and a yield of 3.19%. First Community Bankshares’s payout ratio is 42.80%.

Hedge Funds Weigh In On First Community Bankshares

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in First Community Bankshares by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 789,887 shares of the bank’s stock valued at $23,262,000 after purchasing an additional 12,742 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of First Community Bankshares during the fourth quarter worth $462,000. GAMMA Investing LLC bought a new stake in shares of First Community Bankshares during the fourth quarter worth $49,000. Charles Schwab Investment Management Inc. raised its position in shares of First Community Bankshares by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 132,477 shares of the bank’s stock worth $3,901,000 after acquiring an additional 3,554 shares during the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in shares of First Community Bankshares during the fourth quarter worth $730,000. Institutional investors own 34.95% of the company’s stock.

About First Community Bankshares

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans; and commercial, consumer real estate, and consumer and other loans.