David D. Brown Sells 2,520 Shares of First Community Bankshares, Inc. (NASDAQ:FCBC) Stock

First Community Bankshares, Inc. (NASDAQ:FCBC) CFO David D. Brown sold 2,520 shares of the stock in a transaction that occurred on 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 directly owns 12,676 shares of the company’s stock, valued at $608,448. This represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

First Community Bankshares Price Performance

Shares of NASDAQ FCBC opened at $46.12 on Friday. First Community Bankshares, Inc. has a 1 year low of $31.00 and a 1 year high of $49.02. The firm has a fifty day moving average price of $43.20 and a 200-day moving average price of $39.85. The stock has a market cap of $843.53 million, a PE ratio of 16.53 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 paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Friday, November 8th. First Community Bankshares’s dividend payout ratio (DPR) is presently 44.44%.

Institutional Investors Weigh In On First Community Bankshares

Institutional investors have recently added to or reduced their stakes 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. Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $443,000 after acquiring an additional 539 shares during the period. Empowered Funds LLC boosted its position in First Community Bankshares by 8.0% in the 1st quarter. Empowered Funds LLC now owns 26,012 shares of the bank’s stock valued at $901,000 after buying an additional 1,925 shares during the period. American Century Companies Inc. increased its position 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 purchasing an additional 2,110 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 buying an additional 2,605 shares during the last quarter. 34.95% of the stock is owned by hedge funds and other institutional investors.

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.