Short Interest in First Community Bankshares, Inc. (NASDAQ:FCBC) Decreases By 9.7%

First Community Bankshares, Inc. (NASDAQ:FCBC) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 108,500 shares, a decline of 9.7% from the January 15th total of 120,200 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 36,800 shares, the short-interest ratio is presently 2.9 days.

First Community Bankshares Stock Down 5.8 %

NASDAQ FCBC opened at $41.50 on Tuesday. First Community Bankshares has a 52-week low of $31.00 and a 52-week high of $49.02. The firm has a 50-day moving average price of $42.46 and a 200 day moving average price of $43.05. The stock has a market capitalization of $759.04 million, a P/E ratio of 14.61 and a beta of 0.57.

First Community Bankshares (NASDAQ:FCBC) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.71 EPS for the quarter. First Community Bankshares had a return on equity of 10.35% and a net margin of 27.81%.

First Community Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Friday, February 14th. First Community Bankshares’s dividend payout ratio (DPR) is 43.66%.

Institutional Trading of First Community Bankshares

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in First Community Bankshares by 84.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 620 shares of the bank’s stock valued at $26,000 after acquiring an additional 284 shares during the last quarter. Atala Financial Inc acquired a new stake in shares of First Community Bankshares in the fourth quarter valued at approximately $59,000. KLP Kapitalforvaltning AS purchased a new position in shares of First Community Bankshares during the 4th quarter worth approximately $137,000. Signaturefd LLC raised its position in shares of First Community Bankshares by 62.3% during the 4th quarter. Signaturefd LLC now owns 3,509 shares of the bank’s stock worth $146,000 after purchasing an additional 1,347 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in First Community Bankshares in the 4th quarter valued at approximately $257,000. Hedge funds and other institutional investors own 34.95% of the company’s stock.

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.