First Community Bankshares (NASDAQ:FCBC) Sets New 1-Year High at $43.45

First Community Bankshares, Inc. (NASDAQ:FCBC) shares reached a new 52-week high on Tuesday . The company traded as high as $43.45 and last traded at $43.29, with a volume of 7014 shares. The stock had previously closed at $42.37.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FCBC shares. StockNews.com upgraded 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 Trading Up 3.6 %

The business has a 50-day moving average price of $35.82 and a 200 day moving average price of $34.46. The company has a market cap of $805.56 million, a price-to-earnings ratio of 15.63 and a beta of 0.52.

First Community Bankshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.71 EPS for the quarter, beating 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 the consensus estimate of $39.72 million.

Institutional Trading of First Community Bankshares

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in First Community Bankshares during the 4th quarter valued at $49,000. Mather Group LLC. acquired a new stake in First Community Bankshares during the 1st quarter valued at $128,000. Gratus Capital LLC acquired a new stake in First Community Bankshares during the 4th quarter valued at $237,000. SG Americas Securities LLC raised its stake in First Community Bankshares by 17.9% during the 4th quarter. SG Americas Securities LLC now owns 9,700 shares of the bank’s stock valued at $360,000 after purchasing an additional 1,472 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in First Community Bankshares by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,781 shares of the bank’s stock valued at $443,000 after purchasing an additional 539 shares during the period. 34.95% of the stock is owned by institutional investors and hedge funds.

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.