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 Tuesday . 12,690 shares changed hands during mid-day trading, a decline of 53% from the previous session’s volume of 26,813 shares.The stock last traded at $39.55 and had previously closed at $38.93.

First Community Bankshares Price Performance

The business has a fifty day moving average of $44.00 and a 200 day moving average of $42.67. The stock has a market cap of $735.12 million, a PE ratio of 14.41 and a beta of 0.58.

First Community Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.09%. First Community Bankshares’s dividend payout ratio (DPR) is 44.44%.

Insider Transactions at First Community Bankshares

In other news, CFO David D. Brown sold 2,520 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $48.00, for a total transaction of $120,960.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jason R. Belcher sold 6,384 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $46.49, for a total value of $296,792.16. Following the completion of the sale, the senior vice president now directly owns 15,317 shares of the company’s stock, valued at approximately $712,087.33. This represents a 29.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.67% of the company’s stock.

Institutional Investors Weigh In On First Community Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in FCBC. American Century Companies Inc. increased its stake in First Community Bankshares by 4.4% during the second quarter. American Century Companies Inc. now owns 50,513 shares of the bank’s stock valued at $1,861,000 after purchasing an additional 2,110 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of First Community Bankshares in the 2nd quarter valued at about $297,000. Northwestern Mutual Wealth Management Co. grew its position in shares of First Community Bankshares by 14.0% during 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 last quarter. SG Americas Securities LLC raised its stake in First Community Bankshares by 80.5% during the third quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock worth $262,000 after acquiring an additional 2,710 shares during the period. Finally, Creative Planning bought a new position in First Community Bankshares in the third quarter worth about $367,000. 34.95% of the stock is owned by institutional investors and hedge funds.

First Community Bankshares Company Profile

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.