First Community Bankshares, Inc. (NASDAQ:FCBC) Short Interest Update

First Community Bankshares, Inc. (NASDAQ:FCBC) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 137,000 shares, a growth of 31.5% from the February 28th total of 104,200 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 37,700 shares, the short-interest ratio is currently 3.6 days.

Hedge Funds Weigh In On First Community Bankshares

Several hedge funds have recently made changes to their positions in FCBC. Charles Schwab Investment Management Inc. raised its stake in shares of First Community Bankshares by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,798 shares of the bank’s stock worth $5,903,000 after purchasing an additional 2,605 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of First Community Bankshares in the third quarter valued at $372,000. State Street Corp raised its position in shares of First Community Bankshares by 2.5% in the third quarter. State Street Corp now owns 424,564 shares of the bank’s stock valued at $18,320,000 after purchasing an additional 10,166 shares during the period. Barclays PLC lifted its stake 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 buying an additional 20,412 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of First Community Bankshares by 11.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,950 shares of the bank’s stock worth $475,000 after buying an additional 1,158 shares during the period. 34.95% of the stock is owned by institutional investors.

First Community Bankshares Trading Down 0.8 %

Shares of NASDAQ FCBC traded down $0.30 during mid-day trading on Monday, reaching $37.77. 18,496 shares of the company’s stock were exchanged, compared to its average volume of 35,208. First Community Bankshares has a twelve month low of $31.00 and a twelve month high of $49.02. The firm has a market capitalization of $692.25 million, a price-to-earnings ratio of 13.32 and a beta of 0.53. The business has a fifty day simple moving average of $40.94 and a 200 day simple moving average of $42.55.

First Community Bankshares (NASDAQ:FCBC) last announced its earnings results on Tuesday, January 28th. The bank reported $0.71 EPS 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 company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, February 14th. First Community Bankshares’s dividend payout ratio (DPR) is currently 43.66%.

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.