First Community Bancshares (NASDAQ:FCBC) Sets New 12-Month High – Here’s Why

First Community Bancshares, Inc. (NASDAQ:FCBC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.79 and last traded at $41.8650, with a volume of 5420 shares changing hands. The stock had previously closed at $41.73.

Wall Street Analyst Weigh In

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, Based on data from MarketBeat, First Community Bancshares presently has an average rating of “Buy”.

First Community Bancshares Price Performance

The company has a market capitalization of $796.21 million, a PE ratio of 15.69 and a beta of 0.48. The stock’s 50 day simple moving average is $39.41 and its 200-day simple moving average is $35.75.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. First Community Bancshares had a net margin of 26.32% and a return on equity of 10.17%. The firm had revenue of $43.79 million during the quarter, compared to analysts’ expectations of $43.20 million.

First Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.31 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.0%. First Community Bancshares’s payout ratio is 46.62%.

Institutional Trading of First Community Bancshares

Several hedge funds have recently modified their holdings of FCBC. State of Alaska Department of Revenue purchased a new position in First Community Bancshares in the third quarter valued at $25,000. Advisory Services Network LLC purchased a new stake in First Community Bancshares during the 3rd quarter worth about $26,000. Financial Consulate Inc. purchased a new stake in First Community Bancshares during the 4th quarter worth about $34,000. City Holding Co. raised its position in 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 in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in First Community Bancshares in the 3rd quarter valued at about $37,000. 34.95% of the stock is currently owned by institutional investors and hedge funds.

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.