First Community Bankshares, Inc. (NASDAQ:FCBC) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of First Community Bankshares, Inc. (NASDAQ:FCBC - Free Report) by 67.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,133 shares of the bank's stock after buying an additional 12,514 shares during the period. JPMorgan Chase & Co. owned about 0.17% of First Community Bankshares worth $1,343,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FCBC. Franklin Resources Inc. raised its stake in First Community Bankshares by 11.8% in the third quarter. Franklin Resources Inc. now owns 10,950 shares of the bank's stock valued at $475,000 after buying an additional 1,158 shares in the last quarter. Barclays PLC raised its position 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 worth $1,282,000 after acquiring an additional 20,412 shares in the last quarter. State Street Corp lifted its stake in First Community Bankshares by 2.5% during 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 during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in First Community Bankshares in the third quarter valued at approximately $372,000. Finally, Charles Schwab Investment Management Inc. increased its stake in First Community Bankshares by 1.9% in the third 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 during the last quarter. Institutional investors and hedge funds own 34.95% of the company's stock.

First Community Bankshares Price Performance

Shares of NASDAQ:FCBC traded down $0.09 during trading on Friday, hitting $41.86. 53,502 shares of the company were exchanged, compared to its average volume of 37,000. The firm's 50 day moving average price is $43.26 and its 200-day moving average price is $42.87. First Community Bankshares, Inc. has a 12-month low of $31.00 and a 12-month high of $49.02. The stock has a market capitalization of $765.62 million, a P/E ratio of 15.00 and a beta of 0.58.

Insider Activity at First Community Bankshares

In other First Community Bankshares news, SVP Jason R. Belcher sold 6,384 shares of First Community Bankshares stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David D. Brown sold 2,520 shares of the stock in a transaction dated Tuesday, November 12th. The stock was 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 of the company's stock, valued at $608,448. This trade represents a 16.58 % decrease in their position. The disclosure for this sale can be found here. 3.67% of the stock is owned by corporate insiders.

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.