First Community Bancshares (NASDAQ:FCBC) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

First Community Bancshares, Inc. (NASDAQ:FCBC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.56 and traded as high as $42.03. First Community Bancshares shares last traded at $41.91, with a volume of 67,329 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded First Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

First Community Bancshares Stock Performance

The business has a 50-day simple moving average of $41.83 and a two-hundred day simple moving average of $37.56. The company has a market capitalization of $790.84 million, a price-to-earnings ratio of 15.82 and a beta of 0.48.

First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. First Community Bancshares had a return on equity of 10.44% and a net margin of 25.89%.The company had revenue of $78.05 million during the quarter, compared to analysts’ expectations of $44.20 million.

First Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.31 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.0%. First Community Bancshares’s payout ratio is 46.79%.

Institutional Trading of First Community Bancshares

Institutional investors have recently modified their holdings of the business. Truist Financial Corp purchased a new stake in shares of First Community Bancshares in the third quarter valued at approximately $468,000. SummerHaven Investment Management LLC purchased a new stake in shares of First Community Bancshares in the third quarter valued at approximately $721,000. State of New Jersey Common Pension Fund D boosted its stake in shares of First Community Bancshares by 31.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 77,191 shares of the bank’s stock valued at $2,604,000 after buying an additional 18,612 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of First Community Bancshares in the third quarter valued at approximately $26,000. Finally, Renaissance Technologies LLC boosted its stake in shares of First Community Bancshares by 81.0% in the first quarter. Renaissance Technologies LLC now owns 55,188 shares of the bank’s stock valued at $2,291,000 after buying an additional 24,694 shares in the last quarter. 34.95% of the stock is currently owned by hedge funds and other 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.