Connor Clark & Lunn Investment Management Ltd. Invests $802,000 in First Community Bankshares, Inc. (NASDAQ:FCBC)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 18,586 shares of the bank's stock, valued at approximately $802,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of First Community Bankshares as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in First Community Bankshares by 14.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank's stock valued at $109,000 after purchasing an additional 361 shares during the period. SG Americas Securities LLC grew its holdings in First Community Bankshares by 80.5% in the 3rd quarter. SG Americas Securities LLC now owns 6,076 shares of the bank's stock worth $262,000 after buying an additional 2,710 shares in the last quarter. AQR Capital Management LLC acquired a new stake in First Community Bankshares in the 2nd quarter valued at approximately $297,000. Creative Planning bought a new stake in First Community Bankshares during the 3rd quarter valued at $367,000. Finally, Price T Rowe Associates Inc. MD raised its stake in First Community Bankshares by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,781 shares of the bank's stock valued at $443,000 after acquiring an additional 539 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company's stock.

First Community Bankshares Price Performance

Shares of FCBC traded down $0.47 during trading hours on Friday, reaching $46.17. 18,976 shares of the company's stock traded hands, compared to its average volume of 34,014. First Community Bankshares, Inc. has a twelve month low of $31.00 and a twelve month high of $49.02. The business's fifty day simple moving average is $43.87 and its two-hundred day simple moving average is $40.62. The firm has a market capitalization of $844.45 million, a price-to-earnings ratio of 16.72 and a beta of 0.52.

First Community Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.69%. First Community Bankshares's dividend payout ratio is presently 44.44%.

Insider Transactions at First Community Bankshares

In other news, SVP Jason R. Belcher sold 6,384 shares of First Community Bankshares stock in a transaction 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 transaction, the senior vice president now owns 15,317 shares in the company, valued at approximately $712,087.33. The trade was a 29.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David D. Brown sold 2,520 shares of the company's stock in a transaction 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 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 disclosure for this sale can be found here. Company insiders own 3.67% of the company's stock.

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.