State Street Corp Has $8.35 Million Holdings in First Community Bankshares Inc (NASDAQ:FCBC)

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State Street Corp lifted its stake in shares of First Community Bankshares Inc (NASDAQ:FCBC) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 358,204 shares of the bank’s stock after buying an additional 3,002 shares during the period. State Street Corp’s holdings in First Community Bankshares were worth $8,346,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FCBC. BlackRock Inc. increased its holdings in shares of First Community Bankshares by 25.9% during the first quarter. BlackRock Inc. now owns 1,596,321 shares of the bank’s stock worth $37,194,000 after buying an additional 328,320 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of First Community Bankshares during the first quarter worth $1,458,000. Geode Capital Management LLC increased its holdings in shares of First Community Bankshares by 23.2% during the first quarter. Geode Capital Management LLC now owns 236,826 shares of the bank’s stock worth $5,518,000 after buying an additional 44,664 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in shares of First Community Bankshares during the first quarter worth $1,006,000. Finally, Two Sigma Advisers LP increased its holdings in shares of First Community Bankshares by 387.4% during the first quarter. Two Sigma Advisers LP now owns 46,174 shares of the bank’s stock worth $1,076,000 after buying an additional 36,700 shares in the last quarter. Institutional investors own 40.73% of the company’s stock.

Shares of FCBC opened at $19.56 on Friday. The stock has a market capitalization of $346.02 million, a P/E ratio of 9.36 and a beta of 0.61. The firm’s fifty day simple moving average is $20.93 and its two-hundred day simple moving average is $23.89. First Community Bankshares Inc has a 12 month low of $18.06 and a 12 month high of $34.15.

First Community Bankshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.06). The firm had revenue of $33.25 million for the quarter. First Community Bankshares had a net margin of 25.67% and a return on equity of 8.84%.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.00 dividend on an annualized basis and a yield of 5.11%.

Several analysts recently weighed in on FCBC shares. ValuEngine raised shares of First Community Bankshares from a “sell” rating to a “hold” rating in a research note on Tuesday, July 28th. BidaskClub cut shares of First Community Bankshares from a “sell” rating to a “strong sell” rating in a research note on Saturday.

First Community Bankshares Profile

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 arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

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Institutional Ownership by Quarter for First Community Bankshares (NASDAQ:FCBC)

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