BlackRock Inc. Has $40.95 Million Position in First Community Bankshares Inc (NASDAQ:FCBC)

BlackRock Inc. reduced its position in shares of First Community Bankshares Inc (NASDAQ:FCBC) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,213,072 shares of the bank’s stock after selling 10,087 shares during the period. BlackRock Inc. owned approximately 7.76% of First Community Bankshares worth $40,954,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in First Community Bankshares by 68.1% during the 2nd quarter. Bank of Montreal Can now owns 3,179 shares of the bank’s stock worth $107,000 after acquiring an additional 1,288 shares during the period. Gratus Capital LLC bought a new position in First Community Bankshares during the 2nd quarter worth $216,000. Stone Ridge Asset Management LLC increased its stake in First Community Bankshares by 6.6% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 8,066 shares of the bank’s stock worth $272,000 after acquiring an additional 500 shares during the period. Acadian Asset Management LLC increased its stake in First Community Bankshares by 28.5% during the 2nd quarter. Acadian Asset Management LLC now owns 48,411 shares of the bank’s stock worth $1,634,000 after acquiring an additional 10,748 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in First Community Bankshares by 2.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 52,278 shares of the bank’s stock worth $1,765,000 after acquiring an additional 1,055 shares during the period. Hedge funds and other institutional investors own 41.63% of the company’s stock.

First Community Bankshares stock opened at $31.97 on Friday. The stock’s fifty day moving average price is $32.31 and its two-hundred day moving average price is $33.14. First Community Bankshares Inc has a one year low of $27.06 and a one year high of $36.48. The firm has a market cap of $503.45 million, a PE ratio of 13.97 and a beta of 0.62.

First Community Bankshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. First Community Bankshares had a return on equity of 11.07% and a net margin of 30.26%. The company had revenue of $31.64 million for the quarter.

Separately, BidaskClub upgraded First Community Bankshares from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th.

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 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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