Wedge Capital Management L L P NC continued to hold its stake in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) during the second quarter, Holdings Channel reports. The firm owned 24,000 shares of the bank’s stock at the end of the second quarter. Wedge Capital Management L L P NC’s holdings in First Community Bancshares were worth $656,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in FCBC. Summit Financial Group Inc. bought a new stake in shares of First Community Bancshares during the second quarter valued at about $3,123,000. Dimensional Fund Advisors LP increased its stake in shares of First Community Bancshares by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 968,016 shares of the bank’s stock valued at $24,172,000 after buying an additional 35,087 shares during the last quarter. 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 valued at $16,585,000 after buying an additional 27,709 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of First Community Bancshares by 3.8% in the first quarter. Vanguard Group Inc. now owns 565,497 shares of the bank’s stock valued at $14,120,000 after buying an additional 20,561 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of First Community Bancshares by 6.1% in the first quarter. LSV Asset Management now owns 274,066 shares of the bank’s stock valued at $6,843,000 after buying an additional 15,641 shares during the last quarter. Institutional investors and hedge funds own 46.01% of the company’s stock.

Shares of First Community Bancshares, Inc. (FCBC) opened at 25.00 on Friday. The firm has a market cap of $425.42 million, a P/E ratio of 16.77 and a beta of 0.71. First Community Bancshares, Inc. has a 1-year low of $20.47 and a 1-year high of $31.94. The firm’s 50-day moving average is $27.00 and its 200-day moving average is $26.41.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.38 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $27.77 million for the quarter. On average, analysts anticipate that First Community Bancshares, Inc. will post $1.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.88%. This is a positive change from First Community Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, August 2nd. First Community Bancshares’s dividend payout ratio is currently 48.32%.

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Several equities research analysts have recently issued reports on FCBC shares. BidaskClub downgraded shares of First Community Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “hold” rating on shares of First Community Bancshares in a research note on Sunday, July 30th.

In other news, President Gary R. Mills acquired 1,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were purchased at an average cost of $27.38 per share, with a total value of $27,380.00. Following the acquisition, the president now directly owns 16,533 shares in the company, valued at approximately $452,673.54. The purchase was disclosed in a document filed 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.

Want to see what other hedge funds are holding FCBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Community Bancshares, Inc. (NASDAQ:FCBC).

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

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