First Community Bankshares (NASDAQ:FCBC) Sets New 12-Month High - What's Next?

First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as $49.20 and last traded at $49.20, with a volume of 221 shares traded. The stock had previously closed at $46.64.

First Community Bankshares Stock Performance

The firm has a market cap of $844.50 million, a price-to-earnings ratio of 16.55 and a beta of 0.52. The business's 50 day moving average price is $43.90 and its 200 day moving average price is $40.70.

First Community Bankshares Announces Dividend

The business also recently announced 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. 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 currently 44.44%.

Insider Buying and Selling

In related news, CFO David D. Brown sold 2,520 shares of the stock in a transaction that occurred 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 sale, 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 Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jason R. Belcher sold 6,384 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $46.49, for a total transaction of $296,792.16. Following the transaction, the senior vice president now directly owns 15,317 shares in the company, valued at approximately $712,087.33. The trade was 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.

Institutional Trading of First Community Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in FCBC. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 period. SG Americas Securities LLC increased its position 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 valued at $262,000 after purchasing an additional 2,710 shares during 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 acquired a new stake in shares of First Community Bankshares during the 3rd quarter worth about $367,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of First Community Bankshares during the 3rd quarter worth approximately $372,000. 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.