Short Interest in First Community Bankshares, Inc. (NASDAQ:FCBC) Drops By 9.7%

First Community Bankshares, Inc. (NASDAQ:FCBC) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 108,500 shares, a decline of 9.7% from the January 15th total of 120,200 shares. Based on an average daily trading volume, of 36,800 shares, the short-interest ratio is presently 2.9 days. Approximately 0.7% of the company’s stock are short sold.

First Community Bankshares Price Performance

FCBC traded down $2.55 during trading on Monday, hitting $41.50. The company had a trading volume of 37,137 shares, compared to its average volume of 35,406. First Community Bankshares has a 1-year low of $31.00 and a 1-year high of $49.02. The company has a market cap of $759.04 million, a PE ratio of 14.61 and a beta of 0.57. The business has a 50-day moving average of $42.53 and a 200-day moving average of $43.07.

First Community Bankshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.71 EPS for the quarter. First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%.

First Community Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.99%. The ex-dividend date is Friday, February 14th. First Community Bankshares’s dividend payout ratio (DPR) is presently 43.66%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its stake in First Community Bankshares by 84.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank’s stock valued at $26,000 after purchasing an additional 284 shares during the period. Atala Financial Inc acquired a new position in shares of First Community Bankshares during the fourth quarter worth approximately $59,000. KLP Kapitalforvaltning AS bought a new position in First Community Bankshares in the 4th quarter worth approximately $137,000. Signaturefd LLC increased its position in First Community Bankshares by 62.3% in the 4th quarter. Signaturefd LLC now owns 3,509 shares of the bank’s stock valued at $146,000 after acquiring an additional 1,347 shares during the period. Finally, Citadel Advisors LLC bought a new stake in First Community Bankshares during the 4th quarter valued at $257,000. 34.95% of the stock is currently owned by institutional investors.

First Community Bankshares Company Profile

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.