First Community Bankshares, Inc. (NASDAQ:FCBC) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in First Community Bankshares, Inc. (NASDAQ:FCBC) by 10.9% during the third quarter, Holdings Channel.com reports. The fund owned 25,446 shares of the bank’s stock after selling 3,100 shares during the period. Los Angeles Capital Management LLC’s holdings in First Community Bankshares were worth $1,098,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FCBC. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Community Bankshares by 14.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock worth $109,000 after purchasing an additional 361 shares in the last quarter. SG Americas Securities LLC raised its holdings in First Community Bankshares by 80.5% in the 3rd quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock valued at $262,000 after acquiring an additional 2,710 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of First Community Bankshares during the 2nd quarter worth $297,000. Creative Planning acquired a new stake in shares of First Community Bankshares during the third quarter worth $367,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of First Community Bankshares by 4.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,781 shares of the bank’s stock valued at $443,000 after purchasing an additional 539 shares during the period. 34.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at First Community Bankshares

In other First Community Bankshares news, CFO David D. Brown sold 2,520 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 12,676 shares in the company, valued at $608,448. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jason R. Belcher sold 6,384 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $46.49, for a total value of $296,792.16. Following the completion of the transaction, the senior vice president now owns 15,317 shares in the company, valued at approximately $712,087.33. This trade 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 owned by insiders.

First Community Bankshares Trading Down 0.8 %

NASDAQ FCBC opened at $46.12 on Friday. The business’s 50-day moving average price is $43.20 and its 200 day moving average price is $39.85. First Community Bankshares, Inc. has a twelve month low of $31.00 and a twelve month high of $49.02. The company has a market capitalization of $843.53 million, a PE ratio of 16.53 and a beta of 0.52.

First Community Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.31 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.69%. First Community Bankshares’s dividend payout ratio is presently 44.44%.

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.