First Community Bankshares, Inc. (NASDAQ:FCBC) Sees Significant Decrease in Short Interest

First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 108,500 shares, a drop of 9.7% from the January 15th total of 120,200 shares. Currently, 0.7% of the company's shares are sold short. Based on an average trading volume of 36,800 shares, the days-to-cover ratio is presently 2.9 days.

First Community Bankshares Trading Down 1.2 %

FCBC stock traded down $0.50 during midday trading on Friday, hitting $40.22. 41,140 shares of the company's stock were exchanged, compared to its average volume of 35,372. The business has a 50-day simple moving average of $42.09 and a two-hundred day simple moving average of $43.01. The stock has a market capitalization of $735.62 million, a PE ratio of 14.16 and a beta of 0.57. First Community Bankshares has a 1-year low of $31.00 and a 1-year high of $49.02.

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

First Community Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, February 14th. This represents a $1.24 annualized dividend and a yield of 3.08%. First Community Bankshares's dividend payout ratio (DPR) is 43.66%.

Institutional Investors Weigh In On First Community Bankshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCBC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of First Community Bankshares by 3.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,737 shares of the bank's stock valued at $947,000 after buying an additional 815 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of First Community Bankshares by 2.0% in the fourth quarter. Systematic Financial Management LP now owns 542,599 shares of the bank's stock valued at $22,594,000 after buying an additional 10,855 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of First Community Bankshares by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,650 shares of the bank's stock valued at $402,000 after buying an additional 395 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of First Community Bankshares in the fourth quarter valued at $329,000. Finally, Deutsche Bank AG grew its stake in shares of First Community Bankshares by 68.2% in the fourth quarter. Deutsche Bank AG now owns 16,822 shares of the bank's stock valued at $700,000 after buying an additional 6,823 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company's stock.

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.