Empowered Funds LLC Trims Stock Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

Empowered Funds LLC trimmed its holdings in First Community Bankshares, Inc. (NASDAQ:FCBC) by 74.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,138 shares of the bank’s stock after selling 20,854 shares during the period. Empowered Funds LLC’s holdings in First Community Bankshares were worth $308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Community Bankshares by 14.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock worth $109,000 after purchasing an additional 361 shares during the period. SG Americas Securities LLC lifted its position in First Community Bankshares by 80.5% in the third quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock valued at $262,000 after buying an additional 2,710 shares during the last quarter. AQR Capital Management LLC purchased a new position in First Community Bankshares during the second quarter worth about $297,000. Creative Planning acquired a new stake in shares of First Community Bankshares during the third quarter valued at about $367,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of 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 acquiring an additional 539 shares during the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.

First Community Bankshares Stock Performance

Shares of FCBC stock opened at $46.93 on Tuesday. The firm has a market cap of $858.35 million, a P/E ratio of 16.82 and a beta of 0.52. The firm’s 50 day moving average price is $43.67 and its 200-day moving average price is $40.38. First Community Bankshares, Inc. has a one year low of $31.00 and a one year high of $49.02.

First Community Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.64%. First Community Bankshares’s dividend payout ratio is currently 44.44%.

Insider Transactions at First Community Bankshares

In related news, SVP Jason R. Belcher sold 6,384 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $46.49, for a total transaction of $296,792.16. Following the sale, the senior vice president now directly owns 15,317 shares of the company’s stock, valued at $712,087.33. This represents a 29.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David D. Brown sold 2,520 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $48.00, for a total transaction of $120,960.00. Following the completion of the transaction, the chief financial officer now directly owns 12,676 shares of the company’s stock, valued at $608,448. This represents a 16.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.67% of the company’s stock.

First Community Bankshares Company 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.