First Community Bankshares (NASDAQ:FCBC) Sees Large Volume Increase – Should You Buy?

First Community Bankshares, Inc. (NASDAQ:FCBC) shares saw unusually-strong trading volume on Tuesday . Approximately 12,690 shares were traded during trading, a decline of 53% from the previous session’s volume of 26,813 shares.The stock last traded at $39.55 and had previously closed at $38.93.

First Community Bankshares Stock Performance

The stock has a 50 day moving average of $44.00 and a 200 day moving average of $42.67. The stock has a market capitalization of $735.12 million, a P/E ratio of 14.41 and a beta of 0.58.

First Community Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.09%. First Community Bankshares’s dividend payout ratio is currently 44.44%.

Insider Activity at First Community Bankshares

In other First Community Bankshares news, CFO David D. Brown sold 2,520 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $48.00, for a total value of $120,960.00. Following the sale, the chief financial officer now owns 12,676 shares in the company, valued at approximately $608,448. This trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jason R. Belcher sold 6,384 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $46.49, for a total value of $296,792.16. Following the transaction, the senior vice president now owns 15,317 shares of the company’s stock, valued at approximately $712,087.33. This represents a 29.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On First Community Bankshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Community Bankshares by 14.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock valued at $109,000 after acquiring an additional 361 shares in the last quarter. SG Americas Securities LLC lifted its position in First Community Bankshares by 80.5% in the third quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock worth $262,000 after purchasing an additional 2,710 shares during the period. AQR Capital Management LLC bought a new position in First Community Bankshares during the 2nd quarter valued at $297,000. Creative Planning acquired a new position in shares of First Community Bankshares during the 3rd quarter valued at $367,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of First Community Bankshares in the 3rd quarter worth $372,000. Institutional investors 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.