First Community Bankshares (NASDAQ:FCBC) Trading Down 3.5% – Here’s Why

First Community Bankshares, Inc. (NASDAQ:FCBC) shares fell 3.5% during mid-day trading on Wednesday . The company traded as low as $44.24 and last traded at $44.24. 3,424 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 33,837 shares. The stock had previously closed at $45.85.

First Community Bankshares Trading Up 0.3 %

The stock has a market cap of $841.20 million, a price-to-earnings ratio of 16.43 and a beta of 0.56. The stock has a fifty day simple moving average of $44.01 and a 200-day simple moving average of $40.93.

First Community Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Friday, November 8th. First Community Bankshares’s dividend payout ratio (DPR) is currently 44.44%.

Insider Buying and Selling at First Community Bankshares

In other news, CFO David D. Brown sold 2,520 shares of First Community Bankshares stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total transaction of $120,960.00. Following the sale, the chief financial officer now owns 12,676 shares of the company’s stock, valued at approximately $608,448. This trade represents a 16.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason R. Belcher sold 6,384 shares of First Community Bankshares stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $46.49, for a total value of $296,792.16. Following the sale, the senior vice president now directly owns 15,317 shares in the company, valued at $712,087.33. The trade was a 29.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.67% of the company’s stock.

Hedge Funds Weigh In On First Community Bankshares

Institutional investors have recently bought and sold shares of the business. Burke & Herbert Bank & Trust Co. bought a new position in First Community Bankshares in the 2nd quarter valued at $1,412,000. Vanguard Group Inc. increased its stake in shares of First Community Bankshares by 12.6% in the 1st quarter. Vanguard Group Inc. now owns 916,310 shares of the bank’s stock valued at $31,732,000 after buying an additional 102,183 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of First Community Bankshares in the 3rd quarter valued at $1,030,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Community Bankshares by 14.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock valued at $109,000 after buying an additional 361 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of First Community Bankshares by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 124,760 shares of the bank’s stock valued at $4,596,000 after buying an additional 4,623 shares during the period. Institutional investors own 34.95% of the company’s stock.

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.