Axxcess Wealth Management LLC Takes $730,000 Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

Axxcess Wealth Management LLC acquired a new stake in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) during the fourth quarter, HoldingsChannel reports. The fund acquired 19,668 shares of the bank’s stock, valued at approximately $730,000.

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of First Community Bankshares during the fourth quarter worth approximately $49,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of First Community Bankshares by 149.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,334 shares of the bank’s stock valued at $98,000 after purchasing an additional 1,995 shares during the last quarter. SG Americas Securities LLC purchased a new position in First Community Bankshares in the 3rd quarter worth $242,000. Teacher Retirement System of Texas lifted its stake in First Community Bankshares by 15.1% in the third quarter. Teacher Retirement System of Texas now owns 11,902 shares of the bank’s stock worth $351,000 after purchasing an additional 1,559 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in First Community Bankshares in the fourth quarter worth $462,000. Institutional investors own 34.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded First Community Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, April 27th.

First Community Bankshares Stock Performance

NASDAQ:FCBC opened at $35.48 on Tuesday. First Community Bankshares, Inc. has a fifty-two week low of $23.25 and a fifty-two week high of $39.23. The business has a 50 day moving average price of $33.08 and a 200-day moving average price of $34.04. The firm has a market cap of $655.32 million, a PE ratio of 13.09 and a beta of 0.52.

First Community Bankshares Dividend Announcement

The company also recently declared 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. This represents a $1.16 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, May 9th. First Community Bankshares’s dividend payout ratio (DPR) is presently 42.80%.

First Community Bankshares Profile

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.