BidaskClub upgraded shares of First Community Bankshares (NASDAQ:FCBC) from a strong sell rating to a sell rating in a research note published on Thursday morning, BidAskClub reports.

NASDAQ:FCBC traded down $0.03 during mid-day trading on Thursday, reaching $32.59. 1,063 shares of the company were exchanged, compared to its average volume of 18,537. First Community Bankshares has a 12 month low of $27.06 and a 12 month high of $36.48. The company has a fifty day moving average of $32.77 and a 200 day moving average of $33.51. The stock has a market cap of $521.03 million, a PE ratio of 14.55 and a beta of 0.66.

First Community Bankshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. First Community Bankshares had a net margin of 30.26% and a return on equity of 11.07%. The firm had revenue of $31.64 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.00 dividend on an annualized basis and a yield of 3.07%. This is a positive change from First Community Bankshares’s previous quarterly dividend of $0.21.

Large investors have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in shares of First Community Bankshares by 68.1% in the 2nd quarter. Bank of Montreal Can now owns 3,179 shares of the bank’s stock valued at $107,000 after purchasing an additional 1,288 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of First Community Bankshares by 300.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,276 shares of the bank’s stock valued at $109,000 after purchasing an additional 2,458 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of First Community Bankshares in the 1st quarter valued at about $143,000. Gratus Capital LLC bought a new position in shares of First Community Bankshares in the 2nd quarter valued at about $216,000. Finally, Stone Ridge Asset Management LLC boosted its stake in shares of First Community Bankshares by 6.6% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 8,066 shares of the bank’s stock valued at $272,000 after purchasing an additional 500 shares during the last quarter. 41.61% of the stock is currently owned by hedge funds and other institutional investors.

About First Community Bankshares

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Receive News & Ratings for First Community Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Community Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.