Short Interest in First Community Bankshares, Inc. (NASDAQ:FCBC) Declines By 6.9%

First Community Bankshares, Inc. (NASDAQ:FCBC) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 157,600 shares, a decrease of 6.9% from the September 30th total of 169,200 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 34,400 shares, the days-to-cover ratio is currently 4.6 days.

First Community Bankshares Stock Performance

Shares of First Community Bankshares stock opened at $42.51 on Thursday. The company has a 50-day simple moving average of $42.82 and a two-hundred day simple moving average of $38.91. The stock has a market capitalization of $780.23 million, a PE ratio of 15.69 and a beta of 0.52. First Community Bankshares has a 52-week low of $31.00 and a 52-week high of $45.93.

First Community Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 2.92%. First Community Bankshares’s dividend payout ratio is 45.76%.

Institutional Trading of First Community Bankshares

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of First Community Bankshares by 47.8% during the first quarter. BNP Paribas Financial Markets now owns 18,114 shares of the bank’s stock valued at $627,000 after buying an additional 5,862 shares during the last quarter. Empowered Funds LLC grew its stake in shares of First Community Bankshares by 8.0% in the first quarter. Empowered Funds LLC now owns 26,012 shares of the bank’s stock worth $901,000 after acquiring an additional 1,925 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of First Community Bankshares during the first quarter valued at approximately $772,000. Vanguard Group Inc. lifted its position in First Community Bankshares by 12.6% during the first quarter. Vanguard Group Inc. now owns 916,310 shares of the bank’s stock valued at $31,732,000 after purchasing an additional 102,183 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of First Community Bankshares by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,781 shares of the bank’s stock worth $443,000 after buying an additional 539 shares during the last quarter. Institutional investors own 34.95% of the company’s stock.

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.