First Community Bankshares, Inc. (NASDAQ:FCBC) Short Interest Update

First Community Bankshares, Inc. (NASDAQ:FCBC) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 137,000 shares, an increase of 31.5% from the February 28th total of 104,200 shares. Based on an average trading volume of 37,700 shares, the short-interest ratio is presently 3.6 days. Currently, 0.9% of the company’s stock are short sold.

Hedge Funds Weigh In On First Community Bankshares

A number of large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in First Community Bankshares by 84.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank’s stock worth $26,000 after purchasing an additional 284 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of First Community Bankshares by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,650 shares of the bank’s stock valued at $402,000 after buying an additional 395 shares during the period. Hsbc Holdings PLC raised its position in shares of First Community Bankshares by 3.5% during the fourth quarter. Hsbc Holdings PLC now owns 24,287 shares of the bank’s stock worth $1,016,000 after acquiring an additional 814 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of First Community Bankshares by 3.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,737 shares of the bank’s stock valued at $947,000 after acquiring an additional 815 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in First Community Bankshares by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank’s stock valued at $5,734,000 after acquiring an additional 918 shares during the last quarter. 34.95% of the stock is currently owned by institutional investors and hedge funds.

First Community Bankshares Stock Down 0.8 %

FCBC stock traded down $0.30 during mid-day trading on Monday, reaching $37.77. 18,496 shares of the stock traded hands, compared to its average volume of 35,208. The business has a 50-day moving average of $40.94 and a two-hundred day moving average of $42.55. First Community Bankshares has a 52 week low of $31.00 and a 52 week high of $49.02. The firm has a market capitalization of $692.25 million, a PE ratio of 13.32 and a beta of 0.53.

First Community Bankshares (NASDAQ:FCBC) last issued its earnings results on Tuesday, January 28th. The bank reported $0.71 earnings per share 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 business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Friday, February 14th. First Community Bankshares’s dividend payout ratio is presently 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.