Intech Investment Management LLC Buys New Shares in First Community Bankshares, Inc. (NASDAQ:FCBC)

Intech Investment Management LLC bought a new stake in First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,438 shares of the bank's stock, valued at approximately $351,000.

Several other hedge funds also recently modified their holdings of the business. State Street Corp boosted its holdings in First Community Bankshares by 2.5% in the third quarter. State Street Corp now owns 424,564 shares of the bank's stock worth $18,320,000 after purchasing an additional 10,166 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of First Community Bankshares by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank's stock worth $5,734,000 after acquiring an additional 918 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of First Community Bankshares by 67.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,133 shares of the bank's stock worth $1,343,000 after acquiring an additional 12,514 shares in the last quarter. Barclays PLC increased its holdings in shares of First Community Bankshares by 219.6% during the 3rd quarter. Barclays PLC now owns 29,709 shares of the bank's stock valued at $1,282,000 after acquiring an additional 20,412 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of First Community Bankshares by 14.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,207 shares of the bank's stock valued at $883,000 after acquiring an additional 2,621 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company's stock.

First Community Bankshares Trading Down 2.3 %

First Community Bankshares stock traded down $0.90 during trading hours on Friday, reaching $38.07. 20,555 shares of the company were exchanged, compared to its average volume of 35,269. First Community Bankshares, Inc. has a 12 month low of $31.00 and a 12 month high of $49.02. The stock has a 50-day moving average of $40.94 and a 200 day moving average of $42.54. The firm has a market cap of $697.71 million, a price-to-earnings ratio of 13.40 and a beta of 0.53.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.71 earnings per share (EPS) for the quarter. First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%.

First Community Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.31 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.26%. First Community Bankshares's payout ratio is presently 43.66%.

First Community Bankshares 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.