California State Teachers Retirement System lessened its holdings in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 6.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 29,471 shares of the bank’s stock after selling 2,000 shares during the quarter. California State Teachers Retirement System owned about 0.17% of First Community Bancshares worth $806,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of First Community Bancshares by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,003,331 shares of the bank’s stock worth $27,442,000 after buying an additional 35,315 shares in the last quarter. Systematic Financial Management LP raised its stake in shares of First Community Bancshares by 1.9% in the 2nd quarter. Systematic Financial Management LP now owns 676,995 shares of the bank’s stock worth $18,516,000 after buying an additional 12,780 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of First Community Bancshares by 7.8% in the 2nd quarter. Vanguard Group Inc. now owns 609,559 shares of the bank’s stock worth $16,671,000 after buying an additional 44,062 shares in the last quarter. State Street Corp raised its stake in shares of First Community Bancshares by 2.2% in the 2nd quarter. State Street Corp now owns 331,024 shares of the bank’s stock worth $9,053,000 after buying an additional 7,201 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of First Community Bancshares by 3.9% in the 1st quarter. Renaissance Technologies LLC now owns 204,392 shares of the bank’s stock worth $5,104,000 after buying an additional 7,692 shares in the last quarter. Institutional investors own 40.35% of the company’s stock.

Separately, BidaskClub downgraded First Community Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th.

Shares of First Community Bancshares, Inc. (NASDAQ:FCBC) opened at $30.67 on Thursday. The stock has a market capitalization of $511.83, a price-to-earnings ratio of 19.44 and a beta of 0.73. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.14. First Community Bancshares, Inc. has a 52-week low of $23.23 and a 52-week high of $32.24.

First Community Bancshares (NASDAQ:FCBC) last announced its earnings results on Tuesday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $29.19 million for the quarter. First Community Bancshares had a return on equity of 7.67% and a net margin of 22.32%.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, November 2nd. First Community Bancshares’s dividend payout ratio (DPR) is presently 45.86%.

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

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