Insider Selling: First Community Bankshares, Inc. (NASDAQ:FCBC) CFO Sells 2,520 Shares of Stock

First Community Bankshares, Inc. (NASDAQ:FCBC) CFO David D. Brown sold 2,520 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total transaction of $120,960.00. Following the sale, the chief financial officer now owns 12,676 shares of the company’s stock, valued at approximately $608,448. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

First Community Bankshares Stock Performance

Shares of NASDAQ:FCBC opened at $46.48 on Thursday. The company has a market cap of $850.12 million, a P/E ratio of 16.66 and a beta of 0.52. First Community Bankshares, Inc. has a one year low of $31.00 and a one year high of $49.02. The business’s 50-day simple moving average is $43.12 and its 200 day simple moving average is $39.80.

First Community Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, November 8th. First Community Bankshares’s dividend payout ratio (DPR) is 44.44%.

Institutional Investors Weigh In On First Community Bankshares

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its stake in First Community Bankshares by 14.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock worth $109,000 after purchasing an additional 361 shares in the last quarter. SG Americas Securities LLC lifted its holdings in First Community Bankshares by 80.5% during the 3rd quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock worth $262,000 after buying an additional 2,710 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of First Community Bankshares in the 2nd quarter valued at approximately $297,000. Creative Planning acquired a new stake in shares of First Community Bankshares during the 3rd quarter valued at approximately $367,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of First Community Bankshares during the 3rd quarter valued at approximately $372,000. 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.