Shell Asset Management Co. Has $615,000 Position in First Community Bancshares, Inc. (FCBC)
Shell Asset Management Co. held its stake in First Community Bancshares, Inc. (NASDAQ:FCBC) during the second quarter, Holdings Channel reports. The firm owned 22,482 shares of the bank’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in First Community Bancshares were worth $615,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its stake in First Community Bancshares by 5.3% in the fourth quarter. State Street Corp now owns 325,268 shares of the bank’s stock worth $9,800,000 after buying an additional 16,304 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in First Community Bancshares during the fourth quarter worth $235,000. Teachers Advisors LLC raised its stake in First Community Bancshares by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 32,074 shares of the bank’s stock worth $967,000 after buying an additional 1,037 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in First Community Bancshares by 17.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 80,266 shares of the bank’s stock worth $2,004,000 after buying an additional 11,939 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in First Community Bancshares by 3.5% in the first quarter. Nationwide Fund Advisors now owns 32,943 shares of the bank’s stock worth $823,000 after buying an additional 1,113 shares during the last quarter. Institutional investors and hedge funds own 46.23% of the company’s stock.
Shares of First Community Bancshares, Inc. (FCBC) opened at 25.11 on Friday. The stock has a market cap of $427.30 million, a price-to-earnings ratio of 16.84 and a beta of 0.71. The firm has a 50-day moving average price of $27.25 and a 200-day moving average price of $26.58. First Community Bancshares, Inc. has a 1-year low of $20.47 and a 1-year high of $31.94.
First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. First Community Bancshares had a return on equity of 7.38% and a net margin of 21.56%. The business had revenue of $27.77 million for the quarter. Equities analysts forecast that First Community Bancshares, Inc. will post $1.58 EPS for the current year.
The firm also recently declared 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 represents a $0.72 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is a positive change from First Community Bancshares’s previous quarterly dividend of $0.16. First Community Bancshares’s dividend payout ratio is 48.32%.
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FCBC has been the topic of a number of recent analyst reports. BidaskClub lowered First Community Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of First Community Bancshares in a research note on Sunday, July 30th.
In other First Community Bancshares news, President Gary R. Mills purchased 1,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were acquired at an average price 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.33% of the company’s stock.
About First Community Bancshares
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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