First Community Bancshares Inc. (FCBC) Sets New 12-Month High at $23.47
First Community Bancshares Inc. (NASDAQ:FCBC) shares hit a new 52-week high during trading on Friday . The company traded as high as $23.47 and last traded at $23.47, with a volume of 25,483 shares trading hands. The stock had previously closed at $22.68.
Separately, Keefe, Bruyette & Woods lifted their price objective on shares of First Community Bancshares from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th.
The company’s 50-day moving average price is $22.35 and its 200 day moving average price is $20.33. The stock has a market capitalization of $406.92 million and a P/E ratio of 17.25.
First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. On average, analysts expect that First Community Bancshares Inc. will post $1.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 5th will be given a dividend of $0.16 per share. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, August 3rd. This represents a $0.64 annualized dividend and a yield of 2.70%.
In other First Community Bancshares news, insider Martyn A. Pell sold 3,929 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $21.66, for a total transaction of $85,102.14. Following the completion of the transaction, the insider now owns 11,001 shares in the company, valued at $238,281.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Martyn A. Pell sold 1,187 shares of the stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $21.83, for a total transaction of $25,912.21. Following the transaction, the insider now owns 8,945 shares of the company’s stock, valued at approximately $195,269.35. The disclosure for this sale can be found here.
First Community Bancshares, Inc is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Company operates in the community banking segment. The Bank operates under the trade names First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a division of the bank, in Tennessee.
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