First Community Bankshares, Inc. (NASDAQ:FCBC) Shares Sold by Empowered Funds LLC

Empowered Funds LLC decreased its holdings in First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) by 74.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,138 shares of the bank's stock after selling 20,854 shares during the quarter. Empowered Funds LLC's holdings in First Community Bankshares were worth $308,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FCBC. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 worth $109,000 after acquiring an additional 361 shares in the last quarter. SG Americas Securities LLC boosted its position 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. AQR Capital Management LLC acquired a new stake in First Community Bankshares in the second quarter valued at $297,000. Creative Planning purchased a new position in shares of First Community Bankshares in the third quarter valued at $367,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of 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 worth $443,000 after buying an additional 539 shares during the last quarter. Institutional investors and hedge funds own 34.95% of the company's stock.

First Community Bankshares Stock Down 0.7 %

Shares of First Community Bankshares stock traded down $0.32 on Tuesday, hitting $46.61. The company's stock had a trading volume of 22,014 shares, compared to its average volume of 34,123. The company has a market capitalization of $852.54 million, a P/E ratio of 16.71 and a beta of 0.52. First Community Bankshares, Inc. has a 52-week low of $31.00 and a 52-week high of $49.02. The firm has a fifty day moving average price of $43.74 and a 200-day moving average price of $40.46.

First Community Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders 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 annualized dividend and a dividend yield of 2.66%. First Community Bankshares's dividend payout ratio is presently 44.44%.

Insider Transactions at First Community Bankshares

In other First Community Bankshares news, CFO David D. Brown sold 2,520 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total transaction of $120,960.00. Following the sale, the chief financial officer now owns 12,676 shares in the company, valued at approximately $608,448. This represents a 16.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jason R. Belcher sold 6,384 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $46.49, for a total value of $296,792.16. Following the transaction, the senior vice president now directly owns 15,317 shares of the company's stock, valued at $712,087.33. The trade was a 29.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.67% of the company's stock.

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.