First Community Bankshares Inc (FCBC) Shares Bought by Legal & General Group Plc

Legal & General Group Plc increased its holdings in shares of First Community Bankshares Inc (NASDAQ:FCBC) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,758 shares of the bank’s stock after buying an additional 364 shares during the quarter. Legal & General Group Plc’s holdings in First Community Bankshares were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its stake in First Community Bankshares by 1.1% during the 3rd quarter. BlackRock Inc. now owns 1,249,375 shares of the bank’s stock worth $42,329,000 after buying an additional 13,505 shares during the last quarter. Acadian Asset Management LLC grew its stake in First Community Bankshares by 28.2% during the 4th quarter. Acadian Asset Management LLC now owns 37,279 shares of the bank’s stock worth $1,174,000 after buying an additional 8,203 shares during the last quarter. Vanguard Group Inc. grew its stake in First Community Bankshares by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 670,107 shares of the bank’s stock worth $22,703,000 after buying an additional 5,971 shares during the last quarter. MetLife Investment Advisors LLC grew its stake in First Community Bankshares by 57.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 13,371 shares of the bank’s stock worth $453,000 after buying an additional 4,901 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in First Community Bankshares by 69.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,884 shares of the bank’s stock worth $436,000 after buying an additional 5,684 shares during the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Shares of FCBC stock opened at $34.93 on Friday. First Community Bankshares Inc has a 1-year low of $27.06 and a 1-year high of $36.48. The firm has a market cap of $541.75 million, a P/E ratio of 15.31 and a beta of 0.66.

First Community Bankshares (NASDAQ:FCBC) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. First Community Bankshares had a return on equity of 11.07% and a net margin of 29.57%. The firm had revenue of $30.27 million for the quarter.

The company also recently declared a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $3.00 dividend on an annualized basis and a yield of 8.59%. This is a boost from First Community Bankshares’s previous monthly dividend of $0.07.

Separately, BidaskClub upgraded First Community Bankshares from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th.

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First Community Bankshares 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 arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

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Institutional Ownership by Quarter for First Community Bankshares (NASDAQ:FCBC)

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