First Community Bankshares, Inc. (NASDAQ:FCBC) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in First Community Bankshares, Inc. (NASDAQ:FCBC) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,545 shares of the bank’s stock after acquiring an additional 463 shares during the period. The Manufacturers Life Insurance Company’s holdings in First Community Bankshares were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of FCBC. Nisa Investment Advisors LLC grew its stake in shares of First Community Bankshares by 43.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,300 shares of the bank’s stock worth $71,000 after acquiring an additional 1,000 shares in the last quarter. Citigroup Inc. grew its stake in shares of First Community Bankshares by 246.4% in the fourth quarter. Citigroup Inc. now owns 3,512 shares of the bank’s stock worth $76,000 after acquiring an additional 2,498 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of First Community Bankshares during the first quarter worth $82,000. Fisher Asset Management LLC acquired a new position in shares of First Community Bankshares during the first quarter worth $228,000. Finally, Concord Wealth Partners acquired a new position in shares of First Community Bankshares during the fourth quarter worth $398,000. Institutional investors and hedge funds own 38.78% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of First Community Bankshares from a “sell” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Thursday, May 6th.

Shares of FCBC stock opened at $30.34 on Friday. The stock’s fifty day moving average price is $30.18. The firm has a market capitalization of $532.10 million, a P/E ratio of 12.64 and a beta of 0.60. First Community Bankshares, Inc. has a 12 month low of $17.21 and a 12 month high of $32.00.

First Community Bankshares (NASDAQ:FCBC) last announced its quarterly earnings results on Monday, April 26th. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. First Community Bankshares had a net margin of 30.14% and a return on equity of 10.10%. The firm had revenue of $33.85 million during the quarter, compared to analysts’ expectations of $39.92 million. As a group, analysts forecast that First Community Bankshares, Inc. will post 2.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 21st. Investors of record on Friday, May 7th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 6th. This represents a $1.00 dividend on an annualized basis and a yield of 3.30%. First Community Bankshares’s dividend payout ratio (DPR) is presently 48.08%.

First Community Bankshares Profile

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

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Institutional Ownership by Quarter for First Community Bankshares (NASDAQ:FCBC)

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