First Community Bankshares (NASDAQ:FCBC) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of First Community Bankshares (NASDAQ:FCBC) from a sell rating to a hold rating in a research note released on Tuesday, BidAskClub reports.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of First Community Bankshares from a hold rating to a sell rating in a research note on Tuesday, March 17th. ValuEngine downgraded shares of First Community Bankshares from a hold rating to a sell rating in a research note on Tuesday, May 12th.

NASDAQ FCBC opened at $21.61 on Tuesday. The business’s fifty day moving average is $21.02 and its two-hundred day moving average is $25.40. First Community Bankshares has a 1 year low of $18.06 and a 1 year high of $34.15. The stock has a market capitalization of $386.53 million, a P/E ratio of 9.44 and a beta of 0.59.

First Community Bankshares (NASDAQ:FCBC) last announced its earnings results on Monday, May 11th. The bank reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. First Community Bankshares had a net margin of 27.64% and a return on equity of 9.39%. The company had revenue of $35.23 million for the quarter.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of First Community Bankshares by 25.9% during the 1st quarter. BlackRock Inc. now owns 1,596,321 shares of the bank’s stock valued at $37,194,000 after acquiring an additional 328,320 shares in the last quarter. State Street Corp grew its holdings in shares of First Community Bankshares by 0.8% during the 1st quarter. State Street Corp now owns 358,204 shares of the bank’s stock valued at $8,346,000 after acquiring an additional 3,002 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of First Community Bankshares by 2.2% during the 4th quarter. Renaissance Technologies LLC now owns 269,492 shares of the bank’s stock valued at $8,360,000 after acquiring an additional 5,800 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of First Community Bankshares by 23.2% during the 1st quarter. Geode Capital Management LLC now owns 236,826 shares of the bank’s stock valued at $5,518,000 after acquiring an additional 44,664 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. grew its holdings in shares of First Community Bankshares by 3.0% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 169,799 shares of the bank’s stock valued at $3,956,000 after acquiring an additional 4,891 shares in the last quarter. Institutional investors and hedge funds own 40.71% 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 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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