Insider Selling: First Community Bankshares, Inc. (NASDAQ:FCBC) SVP Sells 6,384 Shares of Stock

by · The Cerbat Gem

First Community Bankshares, Inc. (NASDAQ:FCBC – Get Free Report) SVP Jason R. Belcher sold 6,384 shares of the company’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 transaction of $296,792.16. Following the completion of the transaction, the senior vice president now owns 15,317 shares in the company, valued at approximately $712,087.33. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

First Community Bankshares Stock Performance

NASDAQ FCBC traded down $0.15 during trading on Tuesday, reaching $47.83. The company’s stock had a trading volume of 8,050 shares, compared to its average volume of 34,001. The business’s fifty day moving average price is $42.97 and its 200-day moving average price is $39.66. First Community Bankshares, Inc. has a twelve month low of $31.00 and a twelve month high of $49.02. The firm has a market cap of $873.85 million, a price-to-earnings ratio of 17.20 and a beta of 0.52.

First Community Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 2.59%. First Community Bankshares’s dividend payout ratio (DPR) is presently 44.44%.

Hedge Funds Weigh In On First Community Bankshares

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Community Bankshares by 14.0% in 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 raised its holdings in shares of 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 purchasing an additional 2,710 shares during the period. AQR Capital Management LLC purchased a new position in shares of First Community Bankshares in the 2nd quarter worth about $297,000. Creative Planning acquired a new stake in shares of First Community Bankshares in the third quarter valued at about $367,000. Finally, Price T Rowe Associates Inc. MD lifted its position in First Community Bankshares by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,781 shares of the bank’s stock worth $443,000 after acquiring an additional 539 shares in the last quarter. 34.95% of the stock is currently owned by hedge funds and other institutional investors.

About First Community Bankshares

(Get Free Report)

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.

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