California Public Employees Retirement System lowered its position in First Community Bancshares, Inc. (NASDAQ:FCBC) by 19.0% during the first quarter, Holdings Channel reports. The firm owned 47,200 shares of the bank’s stock after selling 11,100 shares during the period. California Public Employees Retirement System’s holdings in First Community Bancshares were worth $1,179,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Teachers Advisors LLC increased its stake in shares of First Community Bancshares by 3.5% in the first quarter. Teachers Advisors LLC now owns 33,183 shares of the bank’s stock worth $829,000 after buying an additional 1,109 shares during the period. Systematic Financial Management LP increased its stake in shares of First Community Bancshares by 4.4% in the first quarter. Systematic Financial Management LP now owns 664,215 shares of the bank’s stock worth $16,585,000 after buying an additional 27,709 shares during the period. American International Group Inc. increased its stake in shares of First Community Bancshares by 7.0% in the first quarter. American International Group Inc. now owns 9,612 shares of the bank’s stock worth $240,000 after buying an additional 626 shares during the period. Martingale Asset Management L P increased its stake in shares of First Community Bancshares by 6.8% in the first quarter. Martingale Asset Management L P now owns 66,319 shares of the bank’s stock worth $1,656,000 after buying an additional 4,197 shares during the period. Finally, Eagle Global Advisors LLC increased its stake in shares of First Community Bancshares by 47.9% in the first quarter. Eagle Global Advisors LLC now owns 13,057 shares of the bank’s stock worth $326,000 after buying an additional 4,230 shares during the period. 46.23% of the stock is currently owned by hedge funds and other institutional investors.

First Community Bancshares, Inc. (NASDAQ FCBC) opened at 26.16 on Thursday. The stock has a market capitalization of $445.16 million, a P/E ratio of 17.55 and a beta of 0.71. First Community Bancshares, Inc. has a 12-month low of $20.47 and a 12-month high of $31.94. The firm’s 50-day moving average is $27.33 and its 200 day moving average is $26.61.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $27.77 million for the quarter. First Community Bancshares had a net margin of 21.56% and a return on equity of 7.38%. Equities analysts expect that First Community Bancshares, Inc. will post $1.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders 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 yield of 2.75%. The ex-dividend date is Wednesday, August 2nd. First Community Bancshares’s payout ratio is currently 48.32%.

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A number of brokerages recently issued reports on FCBC. Keefe, Bruyette & Woods reissued a “hold” rating on shares of First Community Bancshares in a report on Sunday, July 30th. BidaskClub downgraded shares of 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 purchased 1,000 shares of the stock in a transaction dated Friday, July 28th. The shares were acquired at an average cost of $27.38 per share, with a total value of $27,380.00. Following the purchase, the president now directly owns 16,533 shares in the company, valued at approximately $452,673.54. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.33% of the company’s stock.

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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Institutional Ownership by Quarter for First Community Bancshares (NASDAQ:FCBC)

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