Insider Selling: First Community Bancshares (NASDAQ:FCBC) SVP Sells $213,030.09 in Stock

First Community Bancshares, Inc. (NASDAQ:FCBC) SVP Sarah Harmon sold 4,329 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $49.21, for a total value of $213,030.09. Following the completion of the sale, the senior vice president directly owned 8,141 shares of the company’s stock, valued at approximately $400,618.61. This represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

First Community Bancshares Stock Performance

Shares of FCBC stock opened at $49.02 on Thursday. First Community Bancshares, Inc. has a fifty-two week low of $31.21 and a fifty-two week high of $50.17. The firm has a market capitalization of $926.97 million, a price-to-earnings ratio of 15.46 and a beta of 0.48. The stock’s 50-day simple moving average is $46.57 and its 200-day simple moving average is $43.42.

First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, July 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $81.71 million for the quarter, compared to the consensus estimate of $51.20 million. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.67%. As a group, equities analysts forecast that First Community Bancshares, Inc. will post 3.04 earnings per share for the current year.

First Community Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a $0.33 dividend. This is an increase from First Community Bancshares’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 7th. First Community Bancshares’s dividend payout ratio is 41.64%.

Analyst Ratings Changes

FCBC has been the topic of a number of research analyst reports. Zacks Research raised shares of First Community Bancshares to a “hold” rating in a report on Wednesday, July 1st. Raymond James Financial began coverage on First Community Bancshares in a research note on Tuesday, June 30th. They issued a “market perform” rating for the company. Finally, Weiss Ratings upgraded First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Institutional Trading of First Community Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of First Community Bancshares during the second quarter worth $68,713,000. California State Teachers Retirement System boosted its holdings in First Community Bancshares by 5,826.9% in the second quarter. California State Teachers Retirement System now owns 892,531 shares of the bank’s stock valued at $39,646,000 after purchasing an additional 877,472 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in First Community Bancshares by 122.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 97,773 shares of the bank’s stock valued at $3,298,000 after purchasing an additional 53,804 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in First Community Bancshares during the 2nd quarter worth about $2,320,000. Finally, Two Sigma Investments LP acquired a new stake in First Community Bancshares during the 3rd quarter worth about $1,366,000. 34.95% of the stock is currently owned by institutional investors and hedge funds.

About First Community Bancshares

First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.

The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.