First Community Bankshares (NASDAQ:FCBC) Hits New 52-Week High – Here’s Why

First Community Bankshares, Inc. (NASDAQ:FCBC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $49.20 and last traded at $49.20, with a volume of 221 shares trading hands. The stock had previously closed at $46.64.

First Community Bankshares Trading Up 5.5 %

The company has a market cap of $899.87 million, a price-to-earnings ratio of 16.72 and a beta of 0.52. The stock’s fifty day simple moving average is $43.87 and its 200 day simple moving average is $40.62.

First Community Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.52%. The ex-dividend date was Friday, November 8th. First Community Bankshares’s payout ratio is currently 44.44%.

Insider Buying and Selling at First Community Bankshares

In other First Community Bankshares news, SVP Jason R. Belcher sold 6,384 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were 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 $712,087.33. This represents a 29.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO David D. Brown sold 2,520 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total transaction of $120,960.00. Following the transaction, the chief financial officer now directly owns 12,676 shares of the company’s stock, valued at approximately $608,448. This trade represents a 16.58 % decrease in their position. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On First Community Bankshares

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of First Community Bankshares by 12.6% in the first quarter. Vanguard Group Inc. now owns 916,310 shares of the bank’s stock valued at $31,732,000 after buying an additional 102,183 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of First Community Bankshares by 4.4% during the first 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 in the last quarter. Burke & Herbert Bank & Trust Co. purchased a new position in shares of First Community Bankshares in the second quarter valued at approximately $1,412,000. Bank of New York Mellon Corp grew its holdings in shares of First Community Bankshares by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 124,760 shares of the bank’s stock valued at $4,596,000 after purchasing an additional 4,623 shares in the last quarter. Finally, Callan Family Office LLC purchased a new stake in First Community Bankshares during the 2nd quarter worth approximately $14,523,000. 34.95% of the stock is currently owned by institutional investors and hedge funds.

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.