First Community Bankshares (NASDAQ:FCBC) Sees Large Volume Increase – Here’s What Happened

First Community Bankshares, Inc. (NASDAQ:FCBC) shares saw an uptick in trading volume on Friday . 26,605 shares were traded during mid-day trading, a decline of 20% from the previous session’s volume of 33,352 shares.The stock last traded at $38.42 and had previously closed at $38.70.

First Community Bankshares Trading Down 0.9 %

The company has a market cap of $702.93 million, a price-to-earnings ratio of 13.51 and a beta of 0.53. The company’s 50 day moving average price is $41.11 and its 200 day moving average price is $42.70.

First Community Bankshares (NASDAQ:FCBC) last released its earnings results on Tuesday, January 28th. The bank reported $0.71 EPS for the quarter. First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%.

First Community Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, February 14th. First Community Bankshares’s dividend payout ratio (DPR) is presently 43.66%.

Hedge Funds Weigh In On First Community Bankshares

A number of large investors have recently made changes to their positions in FCBC. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of First Community Bankshares in the 3rd quarter valued at about $802,000. Charles Schwab Investment Management Inc. increased its holdings in shares of First Community Bankshares by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,798 shares of the bank’s stock valued at $5,903,000 after purchasing an additional 2,605 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of First Community Bankshares in the 3rd quarter valued at about $372,000. State Street Corp increased its holdings in shares of First Community Bankshares by 2.5% in the 3rd quarter. State Street Corp now owns 424,564 shares of the bank’s stock valued at $18,320,000 after purchasing an additional 10,166 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of First Community Bankshares by 219.6% in the 3rd quarter. Barclays PLC now owns 29,709 shares of the bank’s stock valued at $1,282,000 after purchasing an additional 20,412 shares in the last quarter. Hedge funds and other 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.