First Community Bankshares, Inc. (NASDAQ:FCBC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in First Community Bankshares, Inc. (NASDAQ:FCBC) by 27.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,993 shares of the bank’s stock after selling 2,957 shares during the quarter. Franklin Resources Inc.’s holdings in First Community Bankshares were worth $333,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in First Community Bankshares by 134.5% during the fourth quarter. JPMorgan Chase & Co. now owns 73,000 shares of the bank’s stock worth $3,040,000 after acquiring an additional 41,867 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of First Community Bankshares during the 4th quarter valued at about $137,000. Intech Investment Management LLC acquired a new position in First Community Bankshares in the fourth quarter valued at approximately $351,000. Signaturefd LLC increased its position in shares of First Community Bankshares by 62.3% during the fourth quarter. Signaturefd LLC now owns 3,509 shares of the bank’s stock valued at $146,000 after acquiring an additional 1,347 shares during the last quarter. Finally, one8zero8 LLC purchased a new stake in shares of First Community Bankshares in the 4th quarter valued at $511,000. 34.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of First Community Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 8th.

First Community Bankshares Price Performance

NASDAQ:FCBC opened at $38.85 on Friday. The firm has a market cap of $712.00 million, a price-to-earnings ratio of 13.68 and a beta of 0.52. The firm’s fifty day moving average price is $39.04 and its 200 day moving average price is $41.91. First Community Bankshares, Inc. has a 1-year low of $31.74 and a 1-year high of $49.02.

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

First Community Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, February 14th. First Community Bankshares’s dividend payout ratio is currently 43.66%.

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.