David D. Brown Sells 2,520 Shares of First Community Bankshares, Inc. (NASDAQ:FCBC) Stock

First Community Bankshares, Inc. (NASDAQ:FCBC) CFO David D. Brown sold 2,520 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total transaction of $120,960.00. Following the completion of the transaction, the chief financial officer now owns 12,676 shares of the company’s stock, valued at $608,448. This trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

First Community Bankshares Trading Down 0.8 %

NASDAQ FCBC opened at $46.12 on Friday. First Community Bankshares, Inc. has a 1-year low of $31.00 and a 1-year high of $49.02. The firm has a market cap of $843.53 million, a PE ratio of 16.53 and a beta of 0.52. The stock has a 50-day moving average of $43.20 and a 200-day moving average of $39.85.

First Community Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Friday, November 8th. First Community Bankshares’s payout ratio is presently 44.44%.

Institutional Investors Weigh In On First Community Bankshares

Several hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new stake in shares of First Community Bankshares during the third quarter valued at $372,000. Charles Schwab Investment Management Inc. grew its stake in shares of First Community Bankshares by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,798 shares of the bank’s stock worth $5,903,000 after acquiring an additional 2,605 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in First Community Bankshares during the third quarter valued at approximately $802,000. Assenagon Asset Management S.A. purchased a new stake in First Community Bankshares during the 3rd quarter valued at $1,030,000. Finally, Creative Planning purchased a new position in shares of First Community Bankshares in the 3rd quarter worth $367,000. 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.