Analysts Set $22.00 Target Price for First Community Bancshares Inc. (FCBC)
First Community Bancshares Inc. (NASDAQ:FCBC) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a one year consensus price objective of $22.00 for the company, according to Zacks. Zacks has also given First Community Bancshares an industry rank of 74 out of 265 based on the ratings given to related companies.
First Community Bancshares (NASDAQ:FCBC) opened at 28.18 on Friday. First Community Bancshares has a one year low of $16.67 and a one year high of $28.83. The firm has a market capitalization of $478.75 million, a P/E ratio of 19.99 and a beta of 0.73. The firm has a 50-day moving average price of $24.85 and a 200-day moving average price of $23.45.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.27%. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, November 2nd. First Community Bancshares’s dividend payout ratio (DPR) is presently 45.39%.
Hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management Inc. boosted its stake in 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 last quarter. Parametric Portfolio Associates LLC boosted its stake in 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 last quarter. Spark Investment Management LLC bought a new stake in First Community Bancshares during the second quarter worth $217,000. Teachers Advisors Inc. boosted its stake in 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 last quarter. Finally, Alliancebernstein L.P. boosted its stake in First Community Bancshares by 78.9% in the second quarter. Alliancebernstein L.P. now owns 53,950 shares of the company’s stock worth $1,211,000 after buying an additional 23,800 shares during the last quarter. 38.27% of the stock is owned by institutional investors.
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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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