First Community Bankshares, Inc. (NASDAQ:FCBC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in shares of First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 375,703 shares of the bank's stock after selling 7,546 shares during the period. Geode Capital Management LLC owned 2.05% of First Community Bankshares worth $15,647,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FCBC. JPMorgan Chase & Co. lifted its holdings in shares of First Community Bankshares by 134.5% during the 4th quarter. JPMorgan Chase & Co. now owns 73,000 shares of the bank's stock valued at $3,040,000 after purchasing an additional 41,867 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in First Community Bankshares in the fourth quarter worth about $137,000. Intech Investment Management LLC purchased a new stake in shares of First Community Bankshares during the fourth quarter worth about $351,000. Signaturefd LLC increased its holdings in shares of First Community Bankshares by 62.3% during the fourth quarter. Signaturefd LLC now owns 3,509 shares of the bank's stock valued at $146,000 after acquiring an additional 1,347 shares in the last quarter. Finally, one8zero8 LLC acquired a new stake in First Community Bankshares in the 4th quarter worth approximately $511,000. Institutional investors own 34.95% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of First Community Bankshares from a "hold" rating to a "sell" rating in a report on Tuesday, April 8th.

First Community Bankshares Trading Down 1.0 %

Shares of FCBC stock traded down $0.40 during trading hours on Thursday, hitting $38.52. The company's stock had a trading volume of 11,751 shares, compared to its average volume of 36,424. The stock has a market cap of $705.96 million, a PE ratio of 13.51 and a beta of 0.52. First Community Bankshares, Inc. has a 12-month low of $32.58 and a 12-month high of $49.02. The company has a 50 day moving average of $38.80 and a 200 day moving average of $41.87.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%. The company had revenue of $40.53 million for the quarter, compared to analysts' expectations of $40.50 million.

First Community Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, May 9th. First Community Bankshares's dividend payout ratio (DPR) is presently 43.66%.

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.