First Community Bancshares (FCBC) Lifted to “Strong-Buy” at BidaskClub

First Community Bancshares (NASDAQ:FCBC) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Shares of NASDAQ FCBC opened at $35.21 on Wednesday. First Community Bancshares has a 12-month low of $25.85 and a 12-month high of $36.09. The stock has a market capitalization of $556.25 million, a price-to-earnings ratio of 16.45 and a beta of 0.61. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. First Community Bancshares had a net margin of 22.55% and a return on equity of 10.45%. The company had revenue of $28.84 million for the quarter.



In related news, COO E Stephen Lilly sold 8,629 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $32.92, for a total transaction of $284,066.68. Following the transaction, the chief operating officer now owns 17,926 shares of the company’s stock, valued at $590,123.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.41% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Canandaigua National Bank & Trust Co. purchased a new position in shares of First Community Bancshares during the second quarter valued at approximately $205,000. Signaturefd LLC purchased a new position in shares of First Community Bancshares during the second quarter valued at approximately $231,000. Citadel Advisors LLC purchased a new position in shares of First Community Bancshares during the second quarter valued at approximately $438,000. Wells Fargo & Company MN lifted its stake in shares of First Community Bancshares by 9.3% during the first quarter. Wells Fargo & Company MN now owns 25,426 shares of the bank’s stock valued at $760,000 after buying an additional 2,167 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of First Community Bancshares during the second quarter valued at approximately $832,000. 42.37% of the stock is currently owned by institutional investors and hedge funds.

First Community Bancshares Company Profile

First Community Bancshares, Inc operates as the holding company for First Community Bank that provides various commercial banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

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