First Community Bankshares (NASDAQ:FCBC) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of First Community Bankshares (NASDAQ:FCBC) from a sell rating to a hold rating in a report issued on Saturday.

First Community Bankshares Trading Down 0.6 %

Shares of FCBC opened at $33.31 on Friday. The stock has a market cap of $615.24 million, a P/E ratio of 12.29 and a beta of 0.52. First Community Bankshares has a 1 year low of $22.55 and a 1 year high of $39.23. The stock’s 50-day moving average price is $32.83 and its two-hundred day moving average price is $33.89.

First Community Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.16 annualized dividend and a yield of 3.48%. First Community Bankshares’s dividend payout ratio (DPR) is presently 42.80%.

Hedge Funds Weigh In On First Community Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in FCBC. GAMMA Investing LLC bought a new position in First Community Bankshares during the fourth quarter worth about $49,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of First Community Bankshares by 149.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,334 shares of the bank’s stock worth $98,000 after purchasing an additional 1,995 shares during the period. Mather Group LLC. bought a new position in shares of First Community Bankshares during the 1st quarter valued at about $128,000. Gratus Capital LLC acquired a new position in shares of First Community Bankshares in the 4th quarter valued at approximately $237,000. Finally, SG Americas Securities LLC bought a new stake in First Community Bankshares during the 3rd quarter worth approximately $242,000. Institutional investors and hedge funds own 34.95% of the company’s stock.

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 plans; and commercial, consumer real estate, and consumer and other loans.