Callan Family Office LLC Makes New Investment in First Community Bankshares, Inc. (NASDAQ:FCBC)

Callan Family Office LLC purchased a new position in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 394,215 shares of the bank’s stock, valued at approximately $14,523,000. First Community Bankshares comprises about 2.8% of Callan Family Office LLC’s investment portfolio, making the stock its 9th largest position. Callan Family Office LLC owned 2.15% of First Community Bankshares as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in First Community Bankshares in the 4th quarter valued at $49,000. Mather Group LLC. purchased a new stake in First Community Bankshares during the 1st quarter valued at about $128,000. Gratus Capital LLC purchased a new stake in shares of First Community Bankshares in the fourth quarter valued at approximately $237,000. Price T Rowe Associates Inc. MD grew its holdings in First Community Bankshares by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,781 shares of the bank’s stock valued at $443,000 after buying an additional 539 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of First Community Bankshares by 60.9% during the 4th quarter. BNP Paribas Financial Markets now owns 12,252 shares of the bank’s stock worth $455,000 after acquiring an additional 4,636 shares during the period. 34.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Sarah W. Harmon sold 2,593 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $44.46, for a total transaction of $115,284.78. Following the completion of the sale, the senior vice president now owns 4,855 shares in the company, valued at approximately $215,853.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Hovde Group began coverage on shares of First Community Bankshares in a research report on Friday, June 28th. They set a “market perform” rating and a $38.00 price target on the stock.

First Community Bankshares Stock Down 1.6 %

FCBC stock traded down $0.70 during midday trading on Monday, hitting $43.58. The company’s stock had a trading volume of 38,004 shares, compared to its average volume of 33,781. The firm has a market capitalization of $799.87 million, a P/E ratio of 16.08 and a beta of 0.52. First Community Bankshares, Inc. has a 52-week low of $28.13 and a 52-week high of $45.93. The firm has a 50-day simple moving average of $39.75 and a 200-day simple moving average of $35.71.

First Community Bankshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.79 earnings per share for the quarter. The business had revenue of $41.25 million for the quarter. First Community Bankshares had a net margin of 28.30% and a return on equity of 11.33%.

First Community Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. This is an increase from First Community Bankshares’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, August 9th. First Community Bankshares’s dividend payout ratio (DPR) is 45.76%.

First Community Bankshares 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.