2 weeks Ago By ABMN Staff
First Community Bankshares, Inc. ( NASDAQ:FCBC – Get Free Report ) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totalling 142,600 shares, a decline of 9.
5% from the August 31st total of 157,600 shares. Currently, 0.9% of the company’s shares are sold short.
Based on an average trading volume of 40,500 shares, the short-interest ratio is currently 3.5 days. Insider Activity In other news, SVP Sarah W.
Harmon sold 2,593 shares of First Community Bankshares stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $44.46, for a total transaction of $115,284.
78. Following the completion of the sale, the senior vice president now owns 4,855 shares of the company’s stock, valued at $215,853.30.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Insiders own 3.67% of the company’s stock.
Hedge Funds Weigh In On First Community Bankshares A number of large investors have recently made changes to their positions in FCBC. State Board of Administration of Florida Retirement System purchased a new stake in shares of First Community Bankshares during the first quarter valued at $772,000. Burke & Herbert Bank & Trust Co.
purchased a new stake in shares of First Community Bankshares during the second quarter valued at $1,412,000. Vanguard Group Inc. grew its holdings in shares of First Community Bankshares by 12.
6% during the first quarter. Vanguard Group Inc. now owns 916,310 shares of the bank’s stock valued at $31,732,000 after buying an additional 102,183 shares during the last quarter.
Bank of New York Mellon Corp grew its holdings in shares of First Community Bankshares by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 124,760 shares of the bank’s stock valued at $4,596,000 after buying an additional 4,623 shares during the last quarter.
Finally, Mather Group LLC. purchased a new stake in shares of First Community Bankshares during the first quarter valued at $128,000. 34.
95% of the stock is owned by institutional investors and hedge funds. First Community Bankshares Stock Performance First Community Bankshares ( NASDAQ:FCBC – Get Free Report ) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.
79 earnings per share (EPS) for the quarter. The business had revenue of $41.25 million for the quarter.
First Community Bankshares had a return on equity of 11.30% and a net margin of 28.30%.
First Community Bankshares Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.31 per share.
The ex-dividend date of this dividend was Friday, August 9th. This is an increase from First Community Bankshares’s previous quarterly dividend of $0.29.
This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.99%.
First Community Bankshares’s dividend payout ratio is presently 45.76%. Analyst Upgrades and Downgrades Separately, Hovde Group initiated coverage on shares of First Community Bankshares in a research note on Friday, June 28th.
They issued a “market perform” rating and a $38.00 price objective for the company. Check Out Our Latest Analysis on First Community Bankshares About First Community Bankshares ( Get Free Report ) 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. See Also Receive News & Ratings for First Community Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Community Bankshares and related companies with MarketBeat.com's FREE daily email newsletter .
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