First Community Bancshares (NASDAQ:FCBC) Trading 7.4% Higher – What’s Next?

First Community Bancshares, Inc. (NASDAQ:FCBC)’s stock price rose 7.4% during trading on Tuesday . The company traded as high as $38.11 and last traded at $38.6950. Approximately 3,467 shares changed hands during trading, a decline of 93% from the average daily volume of 52,662 shares. The stock had previously closed at $36.02.

Wall Street Analysts Forecast Growth

FCBC has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of First Community Bancshares in a research note on Wednesday, January 28th. 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 data from MarketBeat.com, First Community Bancshares presently has an average rating of “Hold”.

First Community Bancshares Trading Up 0.7%

The stock has a fifty day moving average of $34.04 and a two-hundred day moving average of $34.91. The stock has a market capitalization of $697.90 million, a price-to-earnings ratio of 14.32 and a beta of 0.61.

First Community Bancshares (NASDAQ:FCBC) last announced its earnings results on Tuesday, January 27th. The bank reported $0.77 EPS for the quarter, topping the consensus estimate of $0.67 by $0.10. First Community Bancshares had a return on equity of 10.16% and a net margin of 26.32%.The company had revenue of $43.79 million for the quarter, compared to analysts’ expectations of $43.20 million.

First Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.3%. First Community Bancshares’s dividend payout ratio (DPR) is currently 46.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FCBC. State of Alaska Department of Revenue bought a new stake in shares of First Community Bancshares during the third quarter worth $25,000. Advisory Services Network LLC bought a new stake in First Community Bancshares during the 3rd quarter worth about $26,000. Financial Consulate Inc. acquired a new position in First Community Bancshares during the 4th quarter valued at about $34,000. City Holding Co. boosted its stake in shares of First Community Bancshares by 98.5% in the 3rd quarter. City Holding Co. now owns 1,042 shares of the bank’s stock valued at $36,000 after purchasing an additional 517 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of First Community Bancshares during the 3rd quarter worth approximately $37,000. 34.95% of the stock is currently owned by institutional investors.

About First Community Bancshares

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.