First Community Bankshares (NASDAQ:FCBC) Sees Large Volume Increase – Time to Buy?

First Community Bankshares, Inc. (NASDAQ:FCBC) shares saw strong trading volume on Tuesday . 12,690 shares traded hands during mid-day trading, a decline of 53% from the previous session’s volume of 26,813 shares.The stock last traded at $39.55 and had previously closed at $38.93.

First Community Bankshares Stock Up 1.5 %

The firm has a market capitalization of $722.49 million, a price-to-earnings ratio of 14.16 and a beta of 0.58. The stock has a 50 day moving average of $44.21 and a 200 day moving average of $42.66.

First Community Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. First Community Bankshares’s dividend payout ratio (DPR) is 44.44%.

Insider Buying and Selling

In other First Community Bankshares news, CFO David D. Brown sold 2,520 shares of First Community Bankshares stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total value of $120,960.00. Following the completion of the transaction, the chief financial officer now directly owns 12,676 shares in the company, valued at $608,448. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jason R. Belcher sold 6,384 shares of First Community Bankshares stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $46.49, for a total value of $296,792.16. Following the completion of the transaction, the senior vice president now owns 15,317 shares of the company’s stock, valued at approximately $712,087.33. The trade was a 29.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.67% of the company’s stock.

Hedge Funds Weigh In On First Community Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its position in shares of First Community Bankshares by 4.4% during the second quarter. American Century Companies Inc. now owns 50,513 shares of the bank’s stock worth $1,861,000 after buying an additional 2,110 shares during the period. AQR Capital Management LLC bought a new stake in First Community Bankshares during the second quarter worth approximately $297,000. Northwestern Mutual Wealth Management Co. raised its holdings in First Community Bankshares by 14.0% during 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 in the last quarter. SG Americas Securities LLC raised its holdings in First Community Bankshares by 80.5% during the third 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 in the last quarter. Finally, Creative Planning bought a new stake in First Community Bankshares during the third quarter worth approximately $367,000. 34.95% of the stock is currently owned by institutional investors and hedge funds.

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.