First Community Bancshares (NASDAQ:FCBC) Shares Gap Down – Here’s Why

First Community Bancshares, Inc. (NASDAQ:FCBC) gapped down before the market opened on Monday . The stock had previously closed at $36.27, but opened at $34.60. First Community Bancshares shares last traded at $35.1750, with a volume of 1,644 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FCBC. Weiss Ratings restated a “hold (c)” rating on shares of First Community Bancshares in a research note on Friday, October 31st. Wall Street Zen raised First Community Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, November 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

First Community Bancshares Trading Up 1.2%

The business has a 50 day simple moving average of $33.29 and a two-hundred day simple moving average of $36.03. The company has a market cap of $629.55 million, a PE ratio of 12.77 and a beta of 0.61.

First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, October 28th. The bank reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. First Community Bancshares had a return on equity of 9.82% and a net margin of 26.76%.The firm had revenue of $42.19 million for the quarter, compared to the consensus estimate of $40.40 million.

First Community Bancshares Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be issued a $1.00 dividend. The ex-dividend date is Friday, January 2nd. First Community Bancshares’s payout ratio is presently 46.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of First Community Bancshares by 5.9% in the first quarter. Vanguard Group Inc. now owns 1,000,510 shares of the bank’s stock worth $37,709,000 after acquiring an additional 55,632 shares in the last quarter. Nuveen LLC acquired a new stake in First Community Bancshares in the 1st quarter valued at $1,849,000. Hsbc Holdings PLC increased its holdings in First Community Bancshares by 23.9% in the 1st quarter. Hsbc Holdings PLC now owns 30,081 shares of the bank’s stock valued at $1,148,000 after purchasing an additional 5,794 shares in the last quarter. AQR Capital Management LLC raised its position in First Community Bancshares by 87.3% in the first quarter. AQR Capital Management LLC now owns 18,145 shares of the bank’s stock valued at $684,000 after purchasing an additional 8,457 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of First Community Bancshares by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock worth $382,000 after purchasing an additional 474 shares in the last quarter. 34.95% of the stock is owned by institutional investors and hedge funds.

First Community Bancshares Company Profile

First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.

The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.