First Community Bankshares, Inc. (NASDAQ:FCBC) Sees Significant Decline in Short Interest

First Community Bankshares, Inc. (NASDAQ:FCBC) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 157,600 shares, a decrease of 6.9% from the September 30th total of 169,200 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 34,400 shares, the days-to-cover ratio is currently 4.6 days.

Institutional Investors Weigh In On First Community Bankshares

Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Community Bankshares by 14.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock worth $109,000 after buying an additional 361 shares in the last quarter. SG Americas Securities LLC raised its stake in First Community Bankshares by 80.5% in the third quarter. SG Americas Securities LLC now owns 6,076 shares of the bank’s stock valued at $262,000 after purchasing an additional 2,710 shares in the last quarter. AQR Capital Management LLC purchased a new stake in First Community Bankshares in the second quarter valued at approximately $297,000. Creative Planning purchased a new stake in First Community Bankshares in the third quarter valued at approximately $367,000. Finally, Price T Rowe Associates Inc. MD raised its stake in 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 in the last quarter. 34.95% of the stock is owned by hedge funds and other institutional investors.

First Community Bankshares Stock Performance

FCBC opened at $41.56 on Friday. The firm has a market cap of $759.30 million, a P/E ratio of 14.92 and a beta of 0.52. The firm has a 50-day moving average of $42.84 and a 200 day moving average of $38.96. First Community Bankshares has a fifty-two week low of $31.00 and a fifty-two week high of $45.93.

First Community Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, November 8th. First Community Bankshares’s payout ratio is 44.44%.

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.