First Community Bankshares (NASDAQ:FCBC) Sees Large Volume Increase - Still a Buy?

First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report) shares saw an uptick in trading volume on Tuesday . 12,690 shares traded hands during trading, a decline of 53% from the previous session's volume of 26,813 shares.The stock last traded at $39.55 and had previously closed at $38.93.

First Community Bankshares Stock Performance

The company has a market capitalization of $734.02 million, a PE ratio of 14.38 and a beta of 0.58. The company's 50-day simple moving average is $44.21 and its 200-day simple moving average is $42.66.

First Community Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Friday, November 8th. First Community Bankshares's dividend payout ratio (DPR) is presently 44.44%.

Insider Buying and Selling

In related news, SVP Jason R. Belcher sold 6,384 shares of the company's 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 of the company's stock, valued at $712,087.33. This represents a 29.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 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 $608,448. The trade was a 16.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.67% of the company's stock.

Hedge Funds Weigh In On First Community Bankshares

A number of institutional investors and hedge funds have recently made changes to their positions in FCBC. Northwestern Mutual Wealth Management Co. boosted its holdings 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 in the last quarter. SG Americas Securities LLC grew its holdings in shares of 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 acquiring an additional 2,710 shares during the period. AQR Capital Management LLC purchased a new position in First Community Bankshares in the 2nd quarter valued at approximately $297,000. Creative Planning acquired a new position in First Community Bankshares during the third quarter worth $367,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in First Community Bankshares during the third quarter worth $372,000. 34.95% of the stock is owned by institutional investors and hedge funds.

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.