Quantinno Capital Management LP Buys 10,195 Shares of First Community Bancshares, Inc. $FCBC

Quantinno Capital Management LP boosted its position in shares of First Community Bancshares, Inc. (NASDAQ:FCBC) by 60.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,968 shares of the bank’s stock after purchasing an additional 10,195 shares during the period. Quantinno Capital Management LP’s holdings in First Community Bancshares were worth $1,120,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FCBC. AQR Capital Management LLC lifted its stake in First Community Bancshares by 87.3% in the 1st quarter. AQR Capital Management LLC now owns 18,145 shares of the bank’s stock valued at $684,000 after acquiring an additional 8,457 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of First Community Bancshares by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after purchasing an additional 474 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of First Community Bancshares in the first quarter worth $976,000. Legal & General Group Plc boosted its holdings in First Community Bancshares by 17.4% during the second quarter. Legal & General Group Plc now owns 16,659 shares of the bank’s stock worth $653,000 after purchasing an additional 2,468 shares during the last quarter. Finally, American Century Companies Inc. grew its position in First Community Bancshares by 6.7% in the second quarter. American Century Companies Inc. now owns 41,198 shares of the bank’s stock valued at $1,614,000 after purchasing an additional 2,582 shares in the last quarter. 34.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Raymond James Financial started coverage on shares of First Community Bancshares in a research note on Tuesday, June 30th. They set a “market perform” rating for the company. Zacks Research upgraded First Community Bancshares to a “hold” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

First Community Bancshares Price Performance

Shares of FCBC opened at $49.52 on Friday. The firm has a market capitalization of $936.42 million, a PE ratio of 15.62 and a beta of 0.48. The company’s 50-day moving average is $45.66 and its 200-day moving average is $42.67. First Community Bancshares, Inc. has a fifty-two week low of $31.21 and a fifty-two week high of $50.00.

First Community Bancshares (NASDAQ:FCBC) last announced its earnings results on Tuesday, July 21st. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.67%. The business had revenue of $81.71 million during the quarter, compared to the consensus estimate of $51.20 million. Analysts predict that First Community Bancshares, Inc. will post 3.04 earnings per share for the current fiscal year.

First Community Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.7%. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, August 7th. First Community Bancshares’s dividend payout ratio (DPR) is 41.64%.

Insider Transactions at First Community Bancshares

In other news, President Gary R. Mills sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.67, for a total transaction of $166,845.00. Following the completion of the sale, the president owned 5,798 shares in the company, valued at $276,390.66. The trade was a 37.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.66% of the stock is owned by company insiders.

First Community Bancshares Profile

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.