First Community Bancshares, Inc. $FCBC Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its position in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 2,509.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,654 shares of the bank’s stock after purchasing an additional 15,054 shares during the period. Rockefeller Capital Management L.P.’s holdings in First Community Bancshares were worth $528,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in First Community Bancshares in the third quarter valued at $26,000. Financial Consulate Inc. acquired a new position in shares of First Community Bancshares during the 4th quarter worth about $34,000. Aquatic Capital Management LLC boosted its position in shares of First Community Bancshares by 78.0% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock worth $40,000 after acquiring an additional 501 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of First Community Bancshares by 1,717.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,305 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of First Community Bancshares by 56.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock valued at $63,000 after acquiring an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 34.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FCBC. Weiss Ratings reissued a “buy (b-)” rating on shares of First Community Bancshares in a research report on Thursday, June 18th. Zacks Research raised First Community Bancshares to a “hold” rating in a report on Wednesday. Finally, Raymond James Financial started coverage on shares of First Community Bancshares in a research note on Tuesday. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

First Community Bancshares Price Performance

Shares of FCBC opened at $45.12 on Friday. First Community Bancshares, Inc. has a 1-year low of $31.21 and a 1-year high of $45.84. The stock has a market cap of $851.41 million, a PE ratio of 17.03 and a beta of 0.48. The firm has a fifty day moving average price of $43.20 and a 200 day moving average price of $40.02.

First Community Bancshares (NASDAQ:FCBC) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $78.05 million during the quarter, compared to the consensus estimate of $44.20 million. First Community Bancshares had a net margin of 25.89% and a return on equity of 10.44%. As a group, equities analysts expect that First Community Bancshares, Inc. will post 2.95 EPS for the current fiscal year.

First Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 15th. First Community Bancshares’s payout ratio is presently 46.79%.

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.