Signaturefd LLC Sells 2,100 Shares of First Community Bankshares, Inc. (NASDAQ:FCBC)

Signaturefd LLC decreased its position in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) by 50.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,050 shares of the bank’s stock after selling 2,100 shares during the quarter. Signaturefd LLC’s holdings in First Community Bankshares were worth $76,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FCBC. Mather Group LLC. acquired a new position in shares of First Community Bankshares in the 1st quarter valued at approximately $128,000. Gratus Capital LLC bought a new position in First Community Bankshares in the fourth quarter valued at approximately $237,000. Price T Rowe Associates Inc. MD raised its position in First Community Bankshares by 4.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,781 shares of the bank’s stock valued at $443,000 after purchasing an additional 539 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in First Community Bankshares by 60.9% during the fourth quarter. BNP Paribas Financial Markets now owns 12,252 shares of the bank’s stock worth $455,000 after purchasing an additional 4,636 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of First Community Bankshares in the 1st quarter valued at $772,000. 34.95% of the stock is currently owned by institutional investors and hedge funds.

First Community Bankshares Trading Down 0.8 %

Shares of First Community Bankshares stock opened at $42.89 on Thursday. The firm’s 50 day moving average is $41.05 and its 200 day moving average is $36.21. The firm has a market capitalization of $787.20 million, a PE ratio of 15.83 and a beta of 0.52. First Community Bankshares, Inc. has a 1 year low of $28.13 and a 1 year high of $45.93.

First Community Bankshares (NASDAQ:FCBC) last posted its earnings results on Tuesday, July 23rd. The bank reported $0.79 earnings per share for the quarter. First Community Bankshares had a net margin of 28.30% and a return on equity of 11.30%. The firm had revenue of $41.25 million for the quarter.

First Community Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Friday, August 9th. This is a boost from First Community Bankshares’s previous quarterly dividend of $0.29. First Community Bankshares’s dividend payout ratio is presently 45.76%.

Insider Buying and Selling at First Community Bankshares

In other news, SVP Sarah W. Harmon sold 2,593 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $44.46, for a total transaction of $115,284.78. Following the sale, the senior vice president now directly owns 4,855 shares in the company, valued at $215,853.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.67% of the company’s stock.

Analysts Set New Price Targets

Separately, Hovde Group initiated coverage on First Community Bankshares in a research report on Friday, June 28th. They set a “market perform” rating and a $38.00 price objective for the company.

First Community Bankshares 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.