Insider Buying: First Community Bancshares (NASDAQ:FCBC) Insider Acquires $17,499.93 in Stock

First Community Bancshares, Inc. (NASDAQ:FCBC) insider Derek Bonnett acquired 501 shares of the company’s stock in a transaction on Friday, January 30th. The stock was acquired at an average cost of $34.93 per share, with a total value of $17,499.93. Following the completion of the purchase, the insider directly owned 501 shares in the company, valued at approximately $17,499.93. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

First Community Bancshares Trading Up 3.1%

Shares of NASDAQ FCBC opened at $39.76 on Thursday. First Community Bancshares, Inc. has a 12-month low of $31.21 and a 12-month high of $45.57. The firm’s 50-day moving average price is $34.26 and its 200-day moving average price is $34.93. The stock has a market capitalization of $728.40 million, a price-to-earnings ratio of 14.95 and a beta of 0.61.

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

First Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, February 13th. First Community Bancshares’s payout ratio is presently 46.62%.

Analyst Ratings Changes

FCBC has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of First Community Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, November 29th. Weiss Ratings restated a “hold (c)” rating on shares of First Community Bancshares in a research report on Wednesday, January 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, First Community Bancshares currently has an average rating of “Hold”.

Institutional Trading of First Community Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D boosted its holdings 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 purchasing an additional 18,612 shares during the period. Financial Consulate Inc. purchased a new position in shares of First Community Bancshares during the fourth quarter valued at $34,000. Daytona Street Capital LLC bought a new stake in shares of First Community Bancshares in the fourth quarter valued at about $111,000. Signaturefd LLC lifted its stake in First Community Bancshares by 45.5% in the fourth quarter. Signaturefd LLC now owns 5,184 shares of the bank’s stock worth $175,000 after acquiring an additional 1,622 shares during the period. Finally, SG Americas Securities LLC grew its holdings in First Community Bancshares by 19.6% during the 4th quarter. SG Americas Securities LLC now owns 4,354 shares of the bank’s stock worth $147,000 after acquiring an additional 714 shares in the last quarter. Institutional investors own 34.95% of the company’s stock.

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.