one8zero8 LLC Takes Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

one8zero8 LLC acquired a new position in shares of First Community Bankshares, Inc. (NASDAQ:FCBC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,281 shares of the bank’s stock, valued at approximately $511,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atala Financial Inc bought a new position in First Community Bankshares during the 4th quarter worth about $59,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of First Community Bankshares by 14.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,207 shares of the bank’s stock worth $883,000 after buying an additional 2,621 shares during the period. Charles Schwab Investment Management Inc. raised its position in First Community Bankshares by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,716 shares of the bank’s stock valued at $5,734,000 after buying an additional 918 shares during the last quarter. SG Americas Securities LLC lifted its stake in First Community Bankshares by 18.3% in the 4th quarter. SG Americas Securities LLC now owns 7,185 shares of the bank’s stock valued at $299,000 after acquiring an additional 1,109 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in 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 during the last quarter. 34.95% of the stock is currently owned by institutional investors and hedge funds.

First Community Bankshares Stock Up 2.3 %

NASDAQ FCBC opened at $38.80 on Monday. The firm’s 50 day moving average is $41.22 and its 200-day moving average is $42.83. The company has a market capitalization of $711.09 million, a PE ratio of 13.66 and a beta of 0.53. First Community Bankshares, Inc. has a 12-month low of $31.00 and a 12-month high of $49.02.

First Community Bankshares (NASDAQ:FCBC) last released its earnings results on Tuesday, January 28th. The bank reported $0.71 earnings per share 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 business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, February 14th. This represents a $1.24 annualized dividend and a yield of 3.20%. First Community Bankshares’s payout ratio is presently 43.66%.

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.