Eagle Global Advisors LLC Has $357,000 Stake in First Community Bancshares Inc (NASDAQ:FCBC)
Eagle Global Advisors LLC maintained its position in First Community Bancshares Inc (NASDAQ:FCBC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,057 shares of the bank’s stock at the end of the second quarter. Eagle Global Advisors LLC owned about 0.08% of First Community Bancshares worth $357,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in First Community Bancshares during the first quarter valued at approximately $232,000. UBS Asset Management Americas Inc. purchased a new position in First Community Bancshares during the fourth quarter valued at approximately $235,000. American International Group Inc. increased its position in First Community Bancshares by 7.0% in the first quarter. American International Group Inc. now owns 9,612 shares of the bank’s stock valued at $240,000 after buying an additional 626 shares during the last quarter. PNC Financial Services Group Inc. increased its position in First Community Bancshares by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 9,780 shares of the bank’s stock valued at $244,000 after buying an additional 380 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in First Community Bancshares by 251.6% in the first quarter. Russell Investments Group Ltd. now owns 10,900 shares of the bank’s stock valued at $272,000 after buying an additional 7,800 shares during the last quarter. Institutional investors own 45.64% of the company’s stock.
First Community Bancshares Inc (NASDAQ FCBC) opened at 26.98 on Friday. First Community Bancshares Inc has a one year low of $20.47 and a one year high of $31.94. The stock has a market capitalization of $459.12 million, a P/E ratio of 18.10 and a beta of 0.71. The stock has a 50 day moving average price of $27.52 and a 200-day moving average price of $26.68.
First Community Bancshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. First Community Bancshares had a return on equity of 7.44% and a net margin of 23.11%. The company had revenue of $27.77 million for the quarter. Analysts anticipate that First Community Bancshares Inc will post $1.57 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be paid a $0.18 dividend. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Wednesday, August 2nd. First Community Bancshares’s dividend payout ratio (DPR) is presently 48.32%.
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Several research analysts have commented on FCBC shares. Keefe, Bruyette & Woods restated a “hold” rating on shares of First Community Bancshares in a report on Sunday, July 30th. BidaskClub downgraded First Community Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.
In related news, President Gary R. Mills acquired 1,000 shares of First Community Bancshares stock in a transaction dated Friday, July 28th. The shares were acquired at an average cost of $27.38 per share, for a total transaction of $27,380.00. Following the completion of the purchase, the president now owns 16,533 shares in the company, valued at $452,673.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.33% of the stock is currently owned by company insiders.
First Community Bancshares Company Profile
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 Bank operates as First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a Division of First Community Bank, in Tennessee.
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