Barclays PLC Boosts Stock Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

Barclays PLC boosted its holdings in shares of First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) by 219.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,709 shares of the bank's stock after purchasing an additional 20,412 shares during the quarter. Barclays PLC owned approximately 0.16% of First Community Bankshares worth $1,282,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake 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 buying an additional 361 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in First Community Bankshares during the third quarter worth about $1,030,000. Creative Planning acquired a new position in First Community Bankshares in the 3rd quarter valued at about $367,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of First Community Bankshares during the 3rd quarter worth approximately $802,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of First Community Bankshares by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,798 shares of the bank's stock valued at $5,903,000 after buying an additional 2,605 shares during the period. 34.95% of the stock is owned by institutional investors and hedge funds.

First Community Bankshares Stock Down 0.4 %

FCBC stock opened at $38.55 on Monday. First Community Bankshares, Inc. has a 52-week low of $31.00 and a 52-week high of $49.02. The business has a fifty day moving average of $44.25 and a two-hundred day moving average of $42.64. The stock has a market cap of $705.12 million, a price-to-earnings ratio of 13.82 and a beta of 0.58.

First Community Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.22%. First Community Bankshares's payout ratio is currently 44.44%.

Insiders Place Their Bets

In other news, CFO David D. Brown sold 2,520 shares of the firm'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 value of $120,960.00. Following the completion of the transaction, the chief financial officer now owns 12,676 shares of the company's stock, valued at approximately $608,448. This trade represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction 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 $712,087.33. This trade represents a 29.42 % decrease in their position. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by insiders.

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.