Assenagon Asset Management S.A. Decreases Stock Holdings in First Community Bankshares, Inc. (NASDAQ:FCBC)

Assenagon Asset Management S.A. trimmed its holdings in First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) by 65.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,305 shares of the bank's stock after selling 15,555 shares during the period. Assenagon Asset Management S.A.'s holdings in First Community Bankshares were worth $346,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of First Community Bankshares by 219.6% in the 3rd quarter. Barclays PLC now owns 29,709 shares of the bank's stock valued at $1,282,000 after purchasing an additional 20,412 shares during the last quarter. JPMorgan Chase & Co. lifted its position in First Community Bankshares by 67.2% in the third quarter. JPMorgan Chase & Co. now owns 31,133 shares of the bank's stock valued at $1,343,000 after buying an additional 12,514 shares during the last quarter. Franklin Resources Inc. boosted its stake in First Community Bankshares by 11.8% during the third quarter. Franklin Resources Inc. now owns 10,950 shares of the bank's stock worth $475,000 after buying an additional 1,158 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 valued at $109,000 after acquiring an additional 361 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of First Community Bankshares during the third quarter valued at about $367,000. Institutional investors and hedge funds own 34.95% of the company's stock.

Insider Transactions at First Community Bankshares

In related news, CFO David D. Brown sold 2,520 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $48.00, for a total transaction of $120,960.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason R. Belcher sold 6,384 shares of the 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 sale, the senior vice president now owns 15,317 shares in the company, valued at approximately $712,087.33. This trade represents a 29.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.67% of the company's stock.

First Community Bankshares Price Performance

Shares of FCBC stock traded down $0.09 during trading hours on Friday, hitting $41.86. The company had a trading volume of 53,502 shares, compared to its average volume of 27,382. The stock has a market capitalization of $765.62 million, a PE ratio of 15.00 and a beta of 0.58. The company's fifty day moving average is $43.26 and its 200 day moving average is $42.92. First Community Bankshares, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $49.02.

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.