Renaissance Technologies LLC reduced its position in First Community Bancshares Inc (NASDAQ:FCBC) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 196,700 shares of the company’s stock after selling 300 shares during the period. Renaissance Technologies LLC’s holdings in First Community Bancshares were worth $5,929,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN increased its stake in First Community Bancshares by 23.0% in the third quarter. Wells Fargo & Company MN now owns 7,999 shares of the company’s stock worth $198,000 after buying an additional 1,496 shares during the period. Bessemer Group Inc. increased its stake in First Community Bancshares by 17.7% in the fourth quarter. Bessemer Group Inc. now owns 11,300 shares of the company’s stock worth $341,000 after buying an additional 1,700 shares during the period. Chicago Equity Partners LLC purchased a new stake in First Community Bancshares during the third quarter worth $537,000. Martingale Asset Management L P increased its stake in First Community Bancshares by 1.6% in the fourth quarter. Martingale Asset Management L P now owns 62,122 shares of the company’s stock worth $1,873,000 after buying an additional 965 shares during the period. Finally, John W. Rosenthal Capital Management Inc. purchased a new stake in First Community Bancshares during the fourth quarter worth $2,347,000. 38.64% of the stock is owned by institutional investors and hedge funds.
Shares of First Community Bancshares Inc (NASDAQ:FCBC) opened at 24.97 on Friday. The firm has a market capitalization of $424.34 million, a P/E ratio of 17.22 and a beta of 0.86. The firm has a 50-day moving average price of $26.18 and a 200-day moving average price of $26.81. First Community Bancshares Inc has a 52-week low of $18.61 and a 52-week high of $31.94.
First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.00. First Community Bancshares had a return on equity of 7.44% and a net margin of 20.63%. On average, equities research analysts anticipate that First Community Bancshares Inc will post $1.54 EPS for the current year.
Separately, Hovde Group restated a “market perform” rating and issued a $20.00 target price on shares of First Community Bancshares in a research report on Friday, December 16th.
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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