Swiss National Bank continued to hold its position in First Community Bancshares Inc. (NASDAQ:FCBC) during the second quarter, Holdings Channel reports. The firm owned 21,579 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.13% of First Community Bancshares worth $484,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in FCBC. Bank of New York Mellon Corp raised its position in First Community Bancshares by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 95,825 shares of the company’s stock valued at $2,151,000 after buying an additional 4,639 shares in the last quarter. Smith Asset Management Group LP raised its stake in shares of First Community Bancshares by 63.6% in the second quarter. Smith Asset Management Group LP now owns 19,548 shares of the company’s stock worth $439,000 after buying an additional 7,600 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of First Community Bancshares by 3.2% in the first quarter. Prudential Financial Inc. now owns 112,355 shares of the company’s stock worth $2,229,000 after buying an additional 3,500 shares during the period. 37.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of First Community Bancshares Inc. (NASDAQ:FCBC) traded down 1.48% during midday trading on Monday, hitting $23.99. 2,934 shares of the stock were exchanged. First Community Bancshares Inc. has a 12 month low of $16.67 and a 12 month high of $25.24. The stock has a 50 day moving average price of $24.38 and a 200-day moving average price of $22.40. The company has a market cap of $408.96 million, a PE ratio of 17.45 and a beta of 0.83.
First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, July 26th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. First Community Bancshares had a net margin of 19.76% and a return on equity of 7.34%. On average, analysts predict that First Community Bancshares Inc. will post $1.44 EPS for the current year.
Separately, Keefe, Bruyette & Woods boosted their price objective on shares of First Community Bancshares from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Thursday, July 28th.
First Community Bancshares Company Profile
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.