First Community Bankshares (NASDAQ:FCBC) Issues Quarterly Earnings Results

First Community Bankshares (NASDAQ:FCBC – Get Rating) issued its quarterly earnings results on Tuesday. The bank reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78, Yahoo Finance reports. First Community Bankshares had a net margin of 30.49% and a return on equity of 10.32%. The firm had revenue of $40.17 million for the quarter, compared to analysts’ expectations of $38.70 million.

First Community Bankshares Trading Down 0.6 %

Shares of First Community Bankshares stock traded down $0.21 during trading on Wednesday, hitting $32.71. 14,237 shares of the stock were exchanged, compared to its average volume of 19,464. The stock has a market capitalization of $536.77 million, a price-to-earnings ratio of 12.30 and a beta of 0.54. The company has a fifty day moving average price of $35.11 and a 200-day moving average price of $33.78. First Community Bankshares has a 1-year low of $26.51 and a 1-year high of $39.39.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Piper Sandler reissued an “underweight” rating and set a $37.00 price target on shares of First Community Bankshares in a research report on Monday, December 5th. StockNews.com began coverage on shares of First Community Bankshares in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of First Community Bankshares by 114.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,323 shares of the bank’s stock worth $43,000 after purchasing an additional 706 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in 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 buying an additional 1,284 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in First Community Bankshares by 49.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,880 shares of the bank’s stock valued at $144,000 after buying an additional 1,622 shares during the last quarter. BNP Paribas Arbitrage SNC grew its stake in First Community Bankshares by 19.6% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 5,836 shares of the bank’s stock valued at $187,000 after buying an additional 956 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in First Community Bankshares by 6.3% in the 2nd quarter. Legal & General Group Plc now owns 7,266 shares of the bank’s stock valued at $213,000 after buying an additional 429 shares during the last quarter. 37.40% of the stock is currently owned by institutional investors and hedge funds.

First Community Bankshares Company Profile

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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 arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.