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

First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report) shares saw strong trading volume on Friday . 20,657 shares changed hands during trading, a decline of 40% from the previous session's volume of 34,204 shares.The stock last traded at $41.15 and had previously closed at $41.64.

First Community Bankshares Stock Up 1.8 %

The firm's 50 day simple moving average is $44.81 and its 200-day simple moving average is $41.72. The company has a market capitalization of $775.72 million, a PE ratio of 15.20 and a beta of 0.56.

First Community Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 2.92%. First Community Bankshares's dividend payout ratio is currently 44.44%.

Insider Buying and Selling at First Community Bankshares

In other First Community Bankshares news, SVP Jason R. Belcher sold 6,384 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $46.49, for a total value of $296,792.16. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David D. Brown sold 2,520 shares of First Community Bankshares stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 $608,448. This represents a 16.58 % decrease in their position. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Community Bankshares

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of First Community Bankshares by 2.5% during the third quarter. State Street Corp now owns 424,564 shares of the bank's stock valued at $18,320,000 after acquiring an additional 10,166 shares in the last quarter. Callan Family Office LLC acquired a new stake in First Community Bankshares during the 2nd quarter valued at approximately $14,523,000. Charles Schwab Investment Management Inc. grew its stake in 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 purchasing an additional 2,605 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in First Community Bankshares by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 124,760 shares of the bank's stock worth $4,596,000 after purchasing an additional 4,623 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of First Community Bankshares by 22.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 60,583 shares of the bank's stock valued at $2,232,000 after purchasing an additional 10,944 shares in the last quarter. Institutional investors and hedge funds own 34.95% 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.