Sei Investments Co. Purchases 11,100 Shares of First Community Bancshares, Inc. $FCBC

Sei Investments Co. boosted its position in First Community Bancshares, Inc. (NASDAQ:FCBC) by 119.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 20,373 shares of the bank’s stock after acquiring an additional 11,100 shares during the quarter. Sei Investments Co.’s holdings in First Community Bancshares were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of FCBC. Advisory Services Network LLC acquired a new position in First Community Bancshares during the 3rd quarter worth $26,000. Aquatic Capital Management LLC increased its stake in shares of First Community Bancshares by 78.0% in the third quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock worth $40,000 after purchasing an additional 501 shares during the period. Russell Investments Group Ltd. lifted its position in shares of First Community Bancshares by 1,717.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,381 shares of the bank’s stock worth $48,000 after purchasing an additional 1,305 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of First Community Bancshares by 56.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock worth $63,000 after purchasing an additional 577 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in First Community Bancshares during the 4th quarter valued at approximately $82,000. Institutional investors own 34.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FCBC shares. Weiss Ratings raised First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Raymond James Financial assumed coverage on First Community Bancshares in a report on Tuesday, June 30th. They set a “market perform” rating for the company. Finally, Zacks Research raised First Community Bancshares to a “hold” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

First Community Bancshares Price Performance

NASDAQ FCBC opened at $49.32 on Friday. The firm has a market capitalization of $932.64 million, a price-to-earnings ratio of 15.56 and a beta of 0.48. The company’s fifty day moving average is $45.54 and its two-hundred day moving average is $42.62. First Community Bancshares, Inc. has a 52-week low of $31.21 and a 52-week high of $50.00.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.82%. The business had revenue of $81.71 million during the quarter, compared to analyst estimates of $51.20 million. As a group, sell-side analysts expect that First Community Bancshares, Inc. will post 3.04 earnings per share for the current fiscal year.

First Community Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a dividend of $0.33 per share. This is a positive change from First Community Bancshares’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 7th. First Community Bancshares’s dividend payout ratio is presently 41.64%.

Insider Transactions at First Community Bancshares

In other First Community Bancshares news, President Gary R. Mills sold 3,500 shares of the company’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 owned 5,798 shares of the company’s stock, valued at $276,390.66. This represents a 37.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.66% of the stock is owned by corporate insiders.

First Community Bancshares 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.