First Community Bankshares, Inc. (NASDAQ:FCBC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) by 16.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,487 shares of the bank’s stock after selling 17,955 shares during the quarter. Bank of New York Mellon Corp’s holdings in First Community Bankshares were worth $3,893,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its stake in First Community Bankshares by 2.5% during the third quarter. State Street Corp now owns 424,564 shares of the bank’s stock worth $18,320,000 after acquiring an additional 10,166 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 worth $5,903,000 after acquiring an additional 2,605 shares during the last quarter. JPMorgan Chase & Co. increased its stake in First Community Bankshares by 67.2% during the third quarter. JPMorgan Chase & Co. now owns 31,133 shares of the bank’s stock worth $1,343,000 after acquiring an additional 12,514 shares during the last quarter. Barclays PLC increased its stake in First Community Bankshares by 219.6% during the third quarter. Barclays PLC now owns 29,709 shares of the bank’s stock worth $1,282,000 after acquiring an additional 20,412 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in First Community Bankshares during the third quarter worth about $802,000. 34.95% of the stock is currently owned by institutional investors and hedge funds.

First Community Bankshares Price Performance

Shares of NASDAQ FCBC opened at $38.70 on Wednesday. First Community Bankshares, Inc. has a 1-year low of $31.00 and a 1-year high of $49.02. The business has a 50-day moving average of $41.15 and a 200-day moving average of $42.75. The company has a market capitalization of $709.25 million, a price-to-earnings ratio of 13.63 and a beta of 0.53.

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

First Community Bankshares Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Friday, February 14th. First Community Bankshares’s payout ratio is 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.