Bank of New York Mellon Corp Sells 17,955 Shares of First Community Bankshares, Inc. (NASDAQ:FCBC)

Bank of New York Mellon Corp lessened its holdings in First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) by 16.1% during the fourth quarter, according to its most recent 13F filing 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 period. Bank of New York Mellon Corp owned about 0.51% of First Community Bankshares worth $3,893,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FCBC. SG Americas Securities LLC raised its holdings in shares of First Community Bankshares by 18.3% in the 4th quarter. SG Americas Securities LLC now owns 7,185 shares of the bank's stock worth $299,000 after acquiring an additional 1,109 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of First Community Bankshares in the 3rd quarter worth about $372,000. Franklin Resources Inc. raised its holdings in shares of First Community Bankshares by 11.8% in the 3rd quarter. Franklin Resources Inc. now owns 10,950 shares of the bank's stock worth $475,000 after acquiring an additional 1,158 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of First Community Bankshares in the 3rd quarter worth about $802,000. Finally, Barclays PLC grew its position in First Community Bankshares by 219.6% in the 3rd quarter. Barclays PLC now owns 29,709 shares of the bank's stock worth $1,282,000 after purchasing an additional 20,412 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company's stock.

First Community Bankshares Stock Down 1.2 %

FCBC stock traded down $0.48 during trading on Friday, reaching $38.22. The stock had a trading volume of 78,671 shares, compared to its average volume of 33,498. First Community Bankshares, Inc. has a one year low of $31.00 and a one year high of $49.02. The company's 50 day moving average is $41.10 and its two-hundred day moving average is $42.66. The company has a market capitalization of $700.46 million, a price-to-earnings ratio of 13.46 and a beta of 0.53.

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

First Community Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Friday, February 14th. First Community Bankshares's payout ratio is 43.66%.

About First Community Bankshares

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.