Teacher Retirement System of Texas Decreases Stock Position in First Community Bancshares, Inc. $FCBC

Teacher Retirement System of Texas decreased its position in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 15.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,471 shares of the bank’s stock after selling 2,165 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of First Community Bancshares worth $449,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC bought a new position in First Community Bancshares during the first quarter valued at approximately $242,000. Nisa Investment Advisors LLC boosted its position in shares of First Community Bancshares by 224.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,924 shares of the bank’s stock valued at $223,000 after acquiring an additional 4,100 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of First Community Bancshares by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 1,000,510 shares of the bank’s stock valued at $37,709,000 after acquiring an additional 55,632 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of First Community Bancshares by 2.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,799 shares of the bank’s stock valued at $822,000 after purchasing an additional 592 shares in the last quarter. Finally, Nuveen LLC bought a new stake in First Community Bancshares in the first quarter worth $1,849,000. 34.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of First Community Bancshares in a research note on Friday, October 31st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

First Community Bancshares Stock Performance

NASDAQ:FCBC opened at $32.81 on Monday. The firm has a market capitalization of $600.92 million, a PE ratio of 12.20 and a beta of 0.65. The stock’s fifty day moving average is $34.75 and its 200 day moving average is $37.10. First Community Bancshares, Inc. has a fifty-two week low of $31.74 and a fifty-two week high of $48.65.

First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, October 28th. The bank reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. First Community Bancshares had a net margin of 26.76% and a return on equity of 9.83%. The business had revenue of $42.19 million for the quarter, compared to analysts’ expectations of $40.40 million.

First Community Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, November 14th. First Community Bancshares’s dividend payout ratio is 46.10%.

About First Community Bancshares

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.