Quantinno Capital Management LP Purchases 10,195 Shares of First Community Bancshares, Inc. $FCBC

Quantinno Capital Management LP lifted its position in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 60.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,968 shares of the bank’s stock after acquiring an additional 10,195 shares during the quarter. Quantinno Capital Management LP owned approximately 0.14% of First Community Bancshares worth $1,120,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FCBC. Renaissance Technologies LLC lifted its position in First Community Bancshares by 81.0% during the 1st quarter. Renaissance Technologies LLC now owns 55,188 shares of the bank’s stock valued at $2,291,000 after purchasing an additional 24,694 shares during the period. Sei Investments Co. grew its position in shares of First Community Bancshares by 119.7% during the 1st quarter. Sei Investments Co. now owns 20,373 shares of the bank’s stock worth $846,000 after buying an additional 11,100 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of First Community Bancshares by 2,509.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 15,654 shares of the bank’s stock worth $528,000 after buying an additional 15,054 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of First Community Bancshares by 31.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 77,191 shares of the bank’s stock worth $2,604,000 after buying an additional 18,612 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of First Community Bancshares by 1.2% during the fourth quarter. Hsbc Holdings PLC now owns 35,959 shares of the bank’s stock worth $1,205,000 after buying an additional 418 shares during the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FCBC shares. Zacks Research upgraded shares of First Community Bancshares to a “hold” rating in a report on Wednesday, July 1st. Raymond James Financial initiated coverage on shares of First Community Bancshares in a research report on Tuesday, June 30th. They set a “market perform” rating for the company. Finally, Weiss Ratings raised First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Insider Activity

In related news, President Gary R. Mills sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.67, for a total value of $166,845.00. Following the completion of the transaction, the president directly owned 5,798 shares in the company, valued at approximately $276,390.66. The trade was a 37.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.66% of the company’s stock.

First Community Bancshares Trading Up 0.4%

Shares of First Community Bancshares stock opened at $49.52 on Friday. The company has a market capitalization of $936.42 million, a PE ratio of 15.62 and a beta of 0.48. First Community Bancshares, Inc. has a 12 month low of $31.21 and a 12 month high of $50.00. The stock’s fifty day simple moving average is $45.66 and its 200 day simple moving average is $42.67.

First Community Bancshares (NASDAQ:FCBC) last posted its earnings results on Tuesday, July 21st. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. First Community Bancshares had a return on equity of 10.67% and a net margin of 28.84%.The firm had revenue of $81.71 million for the quarter, compared to analyst estimates of $51.20 million. Analysts predict that First Community Bancshares, Inc. will post 3.04 EPS for the current fiscal year.

First Community Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.33 per share. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, August 7th. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. First Community Bancshares’s dividend payout ratio (DPR) is presently 41.64%.

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.