Published On: Sun, Sep 18th, 2016

Keefe, Bruyette & Woods Boosts First Community Bancshares Inc. (FCBC) Price Target to $22.00

First Community Bancshares Inc. (NASDAQ:FCBC) had its price target hoisted by Keefe, Bruyette & Woods from $20.00 to $22.00 in a research note issued on Thursday. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 8.26% from the company’s previous close.
First Community Bancshares (NASDAQ:FCBC) traded down 0.33% during trading on Thursday, reaching $23.98. The company’s stock had a trading volume of 57,221 shares. The company’s 50-day moving average is $23.43 and its 200-day moving average is $21.40. The stock has a market cap of $408.79 million, a PE ratio of 17.44 and a beta of 0.95. First Community Bancshares has a 12 month low of $16.67 and a 12 month high of $24.22.
First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. First Community Bancshares had a return on equity of 7.34% and a net margin of 19.76%. Equities analysts expect that First Community Bancshares will post $1.44 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 5th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.67%. This is an increase from First Community Bancshares’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, August 3rd. First Community Bancshares’s dividend payout ratio (DPR) is 46.38%.
Institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of First Community Bancshares by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 73,993 shares of the company’s stock worth $1,661,000 after buying an additional 714 shares during the period. Bridgeway Capital Management Inc. increased its position in shares of First Community Bancshares by 19.5% in the second quarter. Bridgeway Capital Management Inc. now owns 105,500 shares of the company’s stock worth $2,367,000 after buying an additional 17,200 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of First Community Bancshares by 1.6% in the second quarter. Parametric Portfolio Associates LLC now owns 65,857 shares of the company’s stock worth $1,478,000 after buying an additional 1,033 shares during the period. Spark Investment Management LLC bought a new position in shares of First Community Bancshares during the second quarter worth about $217,000. Finally, Teachers Advisors Inc. increased its position in shares of First Community Bancshares by 4.4% in the second quarter. Teachers Advisors Inc. now owns 31,037 shares of the company’s stock worth $696,000 after buying an additional 1,305 shares during the period. Institutional investors own 37.67% of the company’s stock.
First Community Bancshares Company Profile
First Community Bancshares, Inc is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Company operates in the community banking segment. The Bank operates under the trade names First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a division of the bank, in Tennessee.

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