First Community Bankshares (NASDAQ:FCBC) Sees Large Volume Increase – Time to Buy?

First Community Bankshares, Inc. (NASDAQ:FCBC) shares saw unusually-high trading volume on Tuesday . Approximately 12,690 shares traded hands during trading, a decline of 53% from the previous session’s volume of 26,813 shares.The stock last traded at $39.55 and had previously closed at $38.93.

First Community Bankshares Stock Performance

The business has a fifty day simple moving average of $44.21 and a 200 day simple moving average of $42.66. The stock has a market cap of $722.49 million, a price-to-earnings ratio of 14.16 and a beta of 0.58.

First Community Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Friday, November 8th. First Community Bankshares’s dividend payout ratio (DPR) is presently 44.44%.

Insider Buying and Selling at First Community Bankshares

In other news, CFO David D. Brown sold 2,520 shares of the firm’s stock in a transaction 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 in the company, valued at $608,448. This trade represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jason R. Belcher sold 6,384 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $46.49, for a total value of $296,792.16. Following the sale, the senior vice president now owns 15,317 shares in the company, valued at $712,087.33. This trade represents a 29.42 % decrease in their position. The disclosure for this sale can be found here. 3.67% of the stock is owned by insiders.

Institutional Investors Weigh In On First Community Bankshares

Several hedge funds have recently made changes to their positions in FCBC. Assenagon Asset Management S.A. acquired a new stake in shares of First Community Bankshares during the third quarter worth $1,030,000. Barclays PLC raised its position in shares of First Community Bankshares by 219.6% in the 3rd quarter. Barclays PLC now owns 29,709 shares of the bank’s stock worth $1,282,000 after buying an additional 20,412 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of First Community Bankshares in the 3rd quarter worth $802,000. JPMorgan Chase & Co. raised its position in shares of First Community Bankshares by 67.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,133 shares of the bank’s stock worth $1,343,000 after buying an additional 12,514 shares during the period. Finally, State Street Corp raised its position in shares of First Community Bankshares by 2.5% in the 3rd quarter. State Street Corp now owns 424,564 shares of the bank’s stock worth $18,320,000 after buying an additional 10,166 shares during the period. Institutional investors and hedge funds own 34.95% of the company’s stock.

About First Community Bankshares

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.