First Community Bankshares (NASDAQ:FCBC) Releases Quarterly Earnings Results

First Community Bankshares (NASDAQ:FCBC) posted its quarterly earnings results on Tuesday. The bank reported $0.71 earnings per share for the quarter, Zacks reports. First Community Bankshares had a net margin of 27.18% and a return on equity of 10.70%.

First Community Bankshares Price Performance

Shares of FCBC stock traded down $0.03 during trading hours on Tuesday, reaching $42.39. The company had a trading volume of 16,484 shares, compared to its average volume of 35,605. First Community Bankshares has a 1-year low of $31.00 and a 1-year high of $49.02. The company has a 50 day moving average of $43.20 and a 200 day moving average of $42.98. The firm has a market cap of $775.31 million, a price-to-earnings ratio of 15.19 and a beta of 0.58.

Insider Activity at First Community Bankshares

In other First Community Bankshares news, SVP Jason R. Belcher sold 6,384 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $46.49, for a total value of $296,792.16. Following the completion of the sale, the senior vice president now owns 15,317 shares of the company’s stock, valued at approximately $712,087.33. This represents a 29.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David D. Brown sold 2,520 shares of First Community Bankshares 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 transaction, the chief financial officer now directly owns 12,676 shares in the company, valued at approximately $608,448. This represents a 16.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by corporate insiders.

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.