First Community Bankshares (NASDAQ:FCBC) Raised to Hold at StockNews.com

StockNews.com upgraded shares of First Community Bankshares (NASDAQ:FCBC) from a sell rating to a hold rating in a report released on Saturday morning.

First Community Bankshares Price Performance

Shares of NASDAQ FCBC opened at $33.51 on Friday. First Community Bankshares has a fifty-two week low of $22.55 and a fifty-two week high of $39.23. The stock has a market capitalization of $618.93 million, a PE ratio of 12.37 and a beta of 0.52. The business has a fifty day moving average price of $32.83 and a two-hundred day moving average price of $33.85.

First Community Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.46%. First Community Bankshares’s dividend payout ratio (DPR) is currently 42.80%.

Hedge Funds Weigh In On First Community Bankshares

A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of First Community Bankshares by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 965,956 shares of the bank’s stock worth $35,838,000 after buying an additional 5,446 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of First Community Bankshares by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 789,887 shares of the bank’s stock worth $23,262,000 after buying an additional 12,742 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of First Community Bankshares by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 132,477 shares of the bank’s stock worth $3,901,000 after buying an additional 3,554 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of First Community Bankshares by 34.3% during the 4th quarter. Panagora Asset Management Inc. now owns 42,379 shares of the bank’s stock worth $1,572,000 after buying an additional 10,824 shares in the last quarter. Finally, Summit Financial Group Inc. raised its holdings in shares of First Community Bankshares by 2.6% during the 4th quarter. Summit Financial Group Inc. now owns 38,442 shares of the bank’s stock worth $1,426,000 after buying an additional 990 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.

First Community Bankshares Company 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 plans; and commercial, consumer real estate, and consumer and other loans.