First Community Bancshares (FCBC) Upgraded by BidaskClub to “Strong-Buy”

First Community Bancshares (NASDAQ:FCBC) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Separately, Sandler O’Neill reaffirmed a “hold” rating and set a $30.00 price target on shares of First Community Bancshares in a research report on Thursday, January 25th.

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Shares of FCBC stock opened at $29.29 on Friday. First Community Bancshares has a twelve month low of $23.94 and a twelve month high of $32.24. The stock has a market cap of $496.17, a P/E ratio of 23.25 and a beta of 0.68. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 1.00.

First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, January 23rd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. First Community Bancshares had a net margin of 17.67% and a return on equity of 8.05%. The firm had revenue of $29.68 million during the quarter.

In other First Community Bancshares news, CFO David D. Brown sold 965 shares of First Community Bancshares stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $29.51, for a total transaction of $28,477.15. Following the transaction, the chief financial officer now directly owns 9,636 shares of the company’s stock, valued at $284,358.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Gary R. Mills purchased 1,000 shares of First Community Bancshares stock in a transaction on Tuesday, March 13th. The shares were acquired at an average cost of $29.30 per share, for a total transaction of $29,300.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,400 shares of company stock worth $40,275. 3.41% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in First Community Bancshares during the fourth quarter valued at approximately $192,000. Stone Ridge Asset Management LLC acquired a new position in First Community Bancshares during the fourth quarter valued at approximately $217,000. MetLife Investment Advisors LLC acquired a new position in First Community Bancshares during the fourth quarter valued at approximately $243,000. Chicago Equity Partners LLC acquired a new position in First Community Bancshares during the fourth quarter valued at approximately $416,000. Finally, Wells Fargo & Company MN lifted its position in First Community Bancshares by 17.2% during the third quarter. Wells Fargo & Company MN now owns 17,392 shares of the bank’s stock valued at $506,000 after buying an additional 2,558 shares in the last quarter. 40.96% of the stock is currently owned by hedge funds and other institutional investors.

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First Community Bancshares Company Profile

First Community Bancshares, Inc is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Bank operates as First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a Division of First Community Bank, in Tennessee.

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