First Community Bancshares Inc. (FCBC) Sets New 1-Year High at $23.47
First Community Bancshares Inc. (NASDAQ:FCBC) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $23.47 and last traded at $23.47, with a volume of 25,483 shares changing hands. The stock had previously closed at $22.68.
Separately, Keefe, Bruyette & Woods increased 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 report on Thursday, July 28th.
The stock’s 50 day moving average price is $22.41 and its 200 day moving average price is $20.36. The company has a market capitalization of $406.92 million and a price-to-earnings ratio of 17.25.
First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. On average, equities research analysts anticipate that First Community Bancshares Inc. will post $1.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 5th will be given a $0.16 dividend. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 2.70%.
In related news, insider Martyn A. Pell sold 1,187 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $21.83, for a total value of $25,912.21. Following the sale, the insider now owns 8,945 shares in the company, valued at $195,269.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Martyn A. Pell sold 3,929 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $21.66, for a total value of $85,102.14. Following the completion of the sale, the insider now owns 11,001 shares in the company, valued at approximately $238,281.66. 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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