First Community Bankshares (NASDAQ:FCBC) Sees Unusually-High Trading Volume – Should You Buy?

Shares of First Community Bankshares, Inc. (NASDAQ:FCBC) saw an uptick in trading volume on Friday . 26,605 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 33,352 shares.The stock last traded at $38.42 and had previously closed at $38.70.

First Community Bankshares Trading Down 1.2 %

The company’s fifty day moving average is $41.10 and its 200 day moving average is $42.65. The company has a market capitalization of $700.46 million, a P/E ratio of 13.46 and a beta of 0.53.

First Community Bankshares (NASDAQ:FCBC) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.71 EPS for the quarter. First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%.

First Community Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Friday, February 14th. First Community Bankshares’s payout ratio is 43.66%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FCBC. Connor Clark & Lunn Investment Management Ltd. bought a new position in First Community Bankshares in the 3rd quarter valued at $802,000. Charles Schwab Investment Management Inc. raised its position in shares of First Community Bankshares by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,798 shares of the bank’s stock valued at $5,903,000 after buying an additional 2,605 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of First Community Bankshares during the 3rd quarter valued at $372,000. State Street Corp raised its position in shares of First Community Bankshares by 2.5% during the 3rd quarter. State Street Corp now owns 424,564 shares of the bank’s stock valued at $18,320,000 after buying an additional 10,166 shares in the last quarter. Finally, Barclays PLC raised its position in shares of First Community Bankshares by 219.6% during the 3rd quarter. Barclays PLC now owns 29,709 shares of the bank’s stock valued at $1,282,000 after buying an additional 20,412 shares in the last quarter. 34.95% of the stock is owned by institutional investors.

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.