Los Angeles Capital Management LLC Sells 3,800 Shares of First Community Bankshares, Inc. (NASDAQ:FCBC)

Los Angeles Capital Management LLC trimmed its position in First Community Bankshares, Inc. (NASDAQ:FCBC) by 14.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,646 shares of the bank’s stock after selling 3,800 shares during the quarter. Los Angeles Capital Management LLC owned about 0.12% of First Community Bankshares worth $901,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of First Community Bankshares by 219.6% in the third quarter. Barclays PLC now owns 29,709 shares of the bank’s stock worth $1,282,000 after purchasing an additional 20,412 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Community Bankshares by 67.2% in the third quarter. JPMorgan Chase & Co. now owns 31,133 shares of the bank’s stock worth $1,343,000 after purchasing an additional 12,514 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of First Community Bankshares by 11.8% in the third quarter. Franklin Resources Inc. now owns 10,950 shares of the bank’s stock worth $475,000 after purchasing an additional 1,158 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of First Community Bankshares in the third quarter worth about $1,030,000. Finally, Creative Planning bought a new stake in shares of First Community Bankshares in the third quarter worth about $367,000. 34.95% of the stock is owned by institutional investors.

First Community Bankshares Trading Up 4.9 %

Shares of FCBC stock opened at $41.94 on Friday. First Community Bankshares, Inc. has a 12-month low of $31.00 and a 12-month high of $49.02. The stock’s 50-day moving average price is $41.77 and its 200-day moving average price is $43.04. The stock has a market capitalization of $767.12 million, a price-to-earnings ratio of 14.77 and a beta of 0.57.

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

First Community Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.31 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.24 annualized dividend and a yield of 2.96%. First Community Bankshares’s dividend payout ratio is currently 43.66%.

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.