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

First Community Bankshares, Inc. (NASDAQ:FCBC – Get Rating) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 191,600 shares, a growth of 6.3% from the February 13th total of 180,300 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 26,100 shares, the days-to-cover ratio is currently 7.3 days.

Insider Buying and Selling

In related news, CFO David D. Brown sold 910 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $33.18, for a total transaction of $30,193.80. Following the completion of the sale, the chief financial officer now owns 16,301 shares in the company, valued at approximately $540,867.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Great West Life Assurance Co. Can boosted its stake in shares of First Community Bankshares by 254.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,788 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,284 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of First Community Bankshares by 114.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,323 shares of the bank’s stock valued at $43,000 after purchasing an additional 706 shares during the last quarter. Gyon Technologies Capital Management LP bought a new position in shares of First Community Bankshares in the 4th quarter valued at about $262,000. Russell Investments Group Ltd. bought a new position in shares of First Community Bankshares in the 4th quarter valued at about $264,000. Finally, SG Americas Securities LLC boosted its stake in shares of First Community Bankshares by 33.6% in the 4th quarter. SG Americas Securities LLC now owns 6,633 shares of the bank’s stock valued at $225,000 after purchasing an additional 1,667 shares during the last quarter. Institutional investors own 37.40% of the company’s stock.

First Community Bankshares Trading Down 4.2 %

FCBC opened at $26.96 on Friday. The stock has a market capitalization of $437.51 million, a PE ratio of 9.59 and a beta of 0.54. First Community Bankshares has a 1-year low of $25.84 and a 1-year high of $39.39. The firm has a 50-day moving average price of $31.58 and a two-hundred day moving average price of $33.61.

First Community Bankshares (NASDAQ:FCBC – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The bank reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $40.17 million during the quarter, compared to analysts’ expectations of $38.70 million. First Community Bankshares had a net margin of 30.80% and a return on equity of 10.89%. On average, research analysts predict that First Community Bankshares will post 2.85 EPS for the current year.

First Community Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Thursday, February 9th. First Community Bankshares’s dividend payout ratio (DPR) is presently 41.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FCBC shares. StockNews.com began coverage on shares of First Community Bankshares in a research report on Thursday. They set a “hold” rating for the company. Piper Sandler restated an “underweight” rating and issued a $37.00 price objective on shares of First Community Bankshares in a research report on Monday, December 5th.

First Community Bankshares Company Profile

(Get Rating)

First Community Bancshares, Inc operates as a financial holding company, which engages in the provision of banking products and services to individual and commercial customers. The firm offers demand deposit accounts, savings and money market accounts, certificates of deposit, individual retirement arrangements, commercial, consumer, and real estate mortgage loans, lines of credit, various credit card, debit card, automated teller machine card services, corporate and personal trust services, investment management services, and life, health, and property and casualty insurance products.