First Community Bankshares (NASDAQ:FCBC) Share Price Crosses Above 200-Day Moving Average of $34.28

First Community Bankshares, Inc. (NASDAQ:FCBC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.28 and traded as high as $37.32. First Community Bankshares shares last traded at $37.32, with a volume of 35,206 shares.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FCBC. StockNews.com raised First Community Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th. Hovde Group began coverage on First Community Bankshares in a research report on Friday, June 28th. They set a “market perform” rating and a $38.00 price objective for the company.

First Community Bankshares Stock Up 0.3 %

The company has a market capitalization of $713.08 million, a price-to-earnings ratio of 14.34 and a beta of 0.53. The stock has a fifty day moving average price of $35.07 and a two-hundred day moving average price of $34.32.

First Community Bankshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. First Community Bankshares had a return on equity of 11.04% and a net margin of 27.10%. The company had revenue of $40.89 million during the quarter, compared to analysts’ expectations of $39.72 million.

First Community Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, May 9th. First Community Bankshares’s dividend payout ratio is currently 42.80%.

Institutional Investors Weigh In On First Community Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in 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 acquiring an additional 102,183 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in First Community Bankshares during the first quarter valued at about $772,000. Axxcess Wealth Management LLC purchased a new stake in First Community Bankshares during the fourth quarter valued at about $730,000. Assenagon Asset Management S.A. purchased a new stake in First Community Bankshares during the fourth quarter valued at about $462,000. Finally, Panagora Asset Management Inc. grew its position in First Community Bankshares by 34.3% during the fourth quarter. Panagora Asset Management Inc. now owns 42,379 shares of the bank’s stock valued at $1,572,000 after acquiring an additional 10,824 shares during the period. Hedge funds and other institutional investors own 34.95% of the company’s stock.

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.