First Community Bankshares, Inc. (NASDAQ:FCBC) Shares Bought by State Street Corp

State Street Corp grew its stake in First Community Bankshares, Inc. (NASDAQ:FCBC) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 424,564 shares of the bank’s stock after acquiring an additional 10,166 shares during the quarter. State Street Corp’s holdings in First Community Bankshares were worth $18,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FCBC. Northwestern Mutual Wealth Management Co. boosted its position 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 acquiring an additional 361 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of 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 during the period. Charles Schwab Investment Management Inc. raised its stake in shares of First Community Bankshares by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 136,798 shares of the bank’s stock valued at $5,903,000 after purchasing an additional 2,605 shares during the period. SG Americas Securities LLC lifted its holdings in First Community Bankshares by 80.5% in the 3rd 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. Finally, Bank of New York Mellon Corp lifted its stake in shares of First Community Bankshares by 3.8% in the second 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. 34.95% of the stock is currently owned by hedge funds and other institutional investors.

First Community Bankshares Stock Down 0.9 %

NASDAQ:FCBC opened at $42.01 on Tuesday. The company has a market cap of $768.40 million, a PE ratio of 15.06 and a beta of 0.55. The business’s 50 day moving average is $44.77 and its two-hundred day moving average is $41.94. First Community Bankshares, Inc. has a 52 week low of $31.00 and a 52 week high of $49.02.

First Community Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.95%. The ex-dividend date was Friday, November 8th. First Community Bankshares’s dividend payout ratio is presently 44.44%.

Insider Buying and Selling

In related news, SVP Jason R. Belcher sold 6,384 shares of the firm’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 transaction, the senior vice president now owns 15,317 shares in the company, valued at $712,087.33. This trade represents a 29.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David D. Brown sold 2,520 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total transaction of $120,960.00. Following the completion of the sale, the chief financial officer now owns 12,676 shares in the company, valued at approximately $608,448. This trade represents a 16.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.67% 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.