UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,149 Shares of First Community Bankshares, Inc. (NASDAQ:FCBC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in First Community Bankshares, Inc. (NASDAQ:FCBC) by 15.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,922 shares of the bank’s stock after selling 4,149 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in First Community Bankshares were worth $946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Community Bankshares by 14.0% in the second 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 last quarter. American Century Companies Inc. grew its holdings in First Community Bankshares by 4.4% during the 2nd quarter. American Century Companies Inc. now owns 50,513 shares of the bank’s stock valued at $1,861,000 after buying an additional 2,110 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in First Community Bankshares by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,798 shares of the bank’s stock worth $5,903,000 after acquiring an additional 2,605 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of First Community Bankshares by 80.5% during the 3rd quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock worth $262,000 after acquiring an additional 2,710 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of First Community Bankshares by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 124,760 shares of the bank’s stock worth $4,596,000 after acquiring an additional 4,623 shares in the last quarter. Institutional investors own 34.95% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jason R. Belcher sold 6,384 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $46.49, for a total value of $296,792.16. Following the completion of the sale, the senior vice president now directly owns 15,317 shares of the company’s stock, valued at $712,087.33. This trade represents a 29.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David D. Brown sold 2,520 shares of the business’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 value of $120,960.00. Following the transaction, the chief financial officer now directly owns 12,676 shares in the company, valued at approximately $608,448. This represents 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 Stock Performance

FCBC stock opened at $42.37 on Thursday. The firm has a fifty day moving average price of $44.80 and a 200 day moving average price of $41.71. First Community Bankshares, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $49.02. The firm has a market cap of $774.99 million, a PE ratio of 15.19 and a beta of 0.56.

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 paid a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.93%. First Community Bankshares’s payout ratio is currently 44.44%.

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.