Charles Schwab Investment Management Inc. Increases Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

Charles Schwab Investment Management Inc. raised its holdings in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 136,798 shares of the bank’s stock after acquiring an additional 2,605 shares during the period. Charles Schwab Investment Management Inc.’s holdings in First Community Bankshares were worth $5,903,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Community Bankshares by 14.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock valued at $109,000 after acquiring an additional 361 shares during the last quarter. SG Americas Securities LLC raised its stake 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 worth $262,000 after buying an additional 2,710 shares in the last quarter. AQR Capital Management LLC bought a new position in First Community Bankshares in the second quarter worth about $297,000. Creative Planning bought a new position in First Community Bankshares in the third quarter worth about $367,000. Finally, Price T Rowe Associates Inc. MD raised its stake in First Community Bankshares by 4.4% in the first 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 in the last quarter. 34.95% of the stock is currently owned by hedge funds and other institutional investors.

First Community Bankshares Price Performance

FCBC stock opened at $45.50 on Friday. The company has a market cap of $832.24 million, a P/E ratio of 16.31 and a beta of 0.56. First Community Bankshares, Inc. has a 1 year low of $31.00 and a 1 year high of $49.02. The firm has a 50-day moving average of $44.54 and a 200 day moving average of $41.37.

First Community Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, November 8th. First Community Bankshares’s dividend payout ratio (DPR) is presently 44.44%.

Insider Activity

In other news, SVP Jason R. Belcher sold 6,384 shares of the 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 owns 15,317 shares in the company, valued at $712,087.33. This represents a 29.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David D. Brown sold 2,520 shares of the 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 sale, the chief financial officer now owns 12,676 shares in the company, valued at approximately $608,448. The trade was a 16.58 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.