First Community Bankshares, Inc. (NASDAQ:FCBC) Short Interest Down 6.9% in October

First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 157,600 shares, a decline of 6.9% from the September 30th total of 169,200 shares. Currently, 1.0% of the company's stock are short sold. Based on an average daily volume of 34,400 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Trading of First Community Bankshares

Several hedge funds have recently bought and sold shares of FCBC. Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $109,000 after buying an additional 361 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in First Community Bankshares by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,781 shares of the bank's stock worth $443,000 after purchasing an additional 539 shares during the period. Empowered Funds LLC grew its position in shares of First Community Bankshares by 8.0% in the first quarter. Empowered Funds LLC now owns 26,012 shares of the bank's stock valued at $901,000 after purchasing an additional 1,925 shares during the period. American Century Companies Inc. boosted its stake in First Community Bankshares by 4.4% during the 2nd quarter. American Century Companies Inc. now owns 50,513 shares of the bank's stock worth $1,861,000 after purchasing an additional 2,110 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in First Community Bankshares by 80.5% during the third quarter. SG Americas Securities LLC now owns 6,076 shares of the bank's stock worth $262,000 after buying an additional 2,710 shares in the last quarter. Hedge funds and other institutional investors own 34.95% of the company's stock.

First Community Bankshares Stock Performance

Shares of FCBC stock traded down $1.05 during trading hours on Thursday, reaching $41.46. The company had a trading volume of 37,086 shares, compared to its average volume of 33,642. First Community Bankshares has a one year low of $31.00 and a one year high of $45.93. The business has a fifty day moving average price of $42.84 and a 200-day moving average price of $38.94. The firm has a market cap of $760.96 million, a PE ratio of 15.74 and a beta of 0.52.

First Community Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.31 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.99%. First Community Bankshares's payout ratio is 45.76%.

About First Community Bankshares

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.