Today, First Community Bancshares Inc (FCBC) Given Consensus Rating of “Hold” by Brokerages

Today, First Community Bancshares Inc (FCBC) Given Consensus Rating of “Hold” by Brokerages
First Community Bancshares Inc (NASDAQ:FCBC) has been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokerages have set a 1 year consensus target price of $22.00 for the company, according to Zacks. Zacks has also assigned First Community Bancshares an industry rank of 75 out of 265 based on the ratings given to its competitors.

Separately, Keefe, Bruyette & Woods upped their price target on shares of First Community Bancshares from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th.

Shares of First Community Bancshares (NASDAQ:FCBC) traded down 0.07% during trading on Friday, reaching $28.51. 4,467 shares of the company’s stock were exchanged. The stock has a market capitalization of $484.36 million, a price-to-earnings ratio of 20.22 and a beta of 0.73. First Community Bancshares has a 52 week low of $16.67 and a 52 week high of $28.83. The stock has a 50 day moving average price of $24.62 and a 200-day moving average price of $23.32.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, November 4th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.24%. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, November 2nd. First Community Bancshares’s dividend payout ratio is presently 45.39%.

A number of large investors have recently modified their holdings of FCBC. JPMorgan Chase & Co. boosted its stake in shares of First Community Bancshares by 22.2% in the second quarter. JPMorgan Chase & Co. now owns 254,990 shares of the company’s stock worth $5,722,000 after buying an additional 46,400 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of First Community Bancshares by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 865,274 shares of the company’s stock worth $19,416,000 after buying an additional 38,973 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of First Community Bancshares by 8.5% in the third quarter. BlackRock Fund Advisors now owns 437,960 shares of the company’s stock worth $10,861,000 after buying an additional 34,337 shares during the last quarter. Morgan Stanley boosted its stake in shares of First Community Bancshares by 508.5% in the third quarter. Morgan Stanley now owns 33,133 shares of the company’s stock worth $822,000 after buying an additional 27,688 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of First Community Bancshares by 78.9% in the second quarter. Alliancebernstein L.P. now owns 53,950 shares of the company’s stock worth $1,211,000 after buying an additional 23,800 shares during the last quarter. 38.45% of the stock is currently owned by hedge funds and other institutional investors.

About First Community Bancshares

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 Company operates in the community banking segment. The Bank operates under the trade names First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a division of the bank, in Tennessee.

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