First Community Bankshares (NASDAQ:FCBC) Sets New 12-Month High – Still a Buy?

First Community Bankshares, Inc. (NASDAQ:FCBC)’s stock price reached a new 52-week high on Friday . The stock traded as high as $49.20 and last traded at $49.20, with a volume of 221 shares traded. The stock had previously closed at $46.64.

First Community Bankshares Price Performance

The stock’s fifty day simple moving average is $43.87 and its 200-day simple moving average is $40.62. The firm has a market cap of $899.87 million, a PE ratio of 16.72 and a beta of 0.52.

First Community Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.52%. First Community Bankshares’s dividend payout ratio is currently 44.44%.

Insider Activity

In other First Community Bankshares news, SVP Jason R. Belcher sold 6,384 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $46.49, for a total transaction of $296,792.16. Following the sale, the senior vice president now directly owns 15,317 shares of the company’s stock, valued at approximately $712,087.33. This trade represents a 29.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David D. Brown sold 2,520 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $48.00, for a total value of $120,960.00. Following the completion of the transaction, the chief financial officer now directly owns 12,676 shares of the company’s stock, valued at approximately $608,448. This trade represents a 16.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.67% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its position in First Community Bankshares by 14.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock valued at $109,000 after buying an additional 361 shares during the period. SG Americas Securities LLC increased its stake in shares of First Community Bankshares by 80.5% in the 3rd quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock valued at $262,000 after purchasing an additional 2,710 shares in the last quarter. AQR Capital Management LLC acquired a new position in First Community Bankshares in the 2nd quarter worth about $297,000. Creative Planning purchased a new position in shares of First Community Bankshares during the 3rd quarter valued at approximately $367,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of First Community Bankshares in the third quarter valued at about $372,000. 34.95% of the stock is owned by institutional investors and hedge funds.

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.