First Community Bankshares (NASDAQ:FCBC – Get Rating) announced its quarterly earnings results on Tuesday. The bank reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78, Yahoo Finance reports. First Community Bankshares had a net margin of 30.49% and a return on equity of 10.32%. The firm had revenue of $40.17 million during the quarter, compared to analysts’ expectations of $38.70 million.
First Community Bankshares Stock Performance
Shares of NASDAQ:FCBC traded down $0.21 during trading on Wednesday, reaching $32.71. The stock had a trading volume of 14,237 shares, compared to its average volume of 19,464. The firm’s fifty day moving average is $35.11 and its 200 day moving average is $33.78. First Community Bankshares has a 52 week low of $26.51 and a 52 week high of $39.39. The stock has a market cap of $536.77 million, a price-to-earnings ratio of 12.30 and a beta of 0.54.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on FCBC. Piper Sandler restated an “underweight” rating and issued a $37.00 price target on shares of First Community Bankshares in a research report on Monday, December 5th. StockNews.com started coverage on shares of First Community Bankshares in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.
Institutional Investors Weigh In On First Community Bankshares
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 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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