First Community Bankshares, Inc. (NASDAQ:FCBC) SVP Sells $115,284.78 in Stock

First Community Bankshares, Inc. (NASDAQ:FCBC) SVP Sarah W. Harmon sold 2,593 shares of First Community Bankshares stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $44.46, for a total transaction of $115,284.78. Following the sale, the senior vice president now directly owns 4,855 shares of the company’s stock, valued at approximately $215,853.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

First Community Bankshares Trading Down 0.8 %

Shares of NASDAQ:FCBC traded down $0.35 on Monday, reaching $44.46. 42,784 shares of the company’s stock were exchanged, compared to its average volume of 33,531. The company has a fifty day moving average of $36.52 and a 200-day moving average of $34.69. First Community Bankshares, Inc. has a twelve month low of $28.13 and a twelve month high of $45.78. The company has a market capitalization of $815.84 million, a price-to-earnings ratio of 16.54 and a beta of 0.52.

First Community Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, August 9th. This is an increase from First Community Bankshares’s previous quarterly dividend of $0.29. First Community Bankshares’s dividend payout ratio is 42.80%.

Institutional Trading of First Community Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of First Community Bankshares during the 4th quarter worth approximately $49,000. Mather Group LLC. bought a new stake in shares of First Community Bankshares during the 1st quarter worth approximately $128,000. Gratus Capital LLC bought a new stake in shares of First Community Bankshares during the 4th quarter worth approximately $237,000. SG Americas Securities LLC lifted its holdings in shares of First Community Bankshares by 17.9% during the 4th quarter. SG Americas Securities LLC now owns 9,700 shares of the bank’s stock worth $360,000 after acquiring an additional 1,472 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 worth $443,000 after acquiring an additional 539 shares during the period. Institutional investors own 34.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Hovde Group assumed coverage on shares of First Community Bankshares in a research report on Friday, June 28th. They set a “market perform” rating and a $38.00 target price on the stock. StockNews.com upgraded shares of First Community Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th.

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.