First Community Bankshares, Inc. (NASDAQ:FCBC) CFO David D. Brown Sells 2,520 Shares of Stock

First Community Bankshares, Inc. (NASDAQ:FCBC) CFO David D. Brown sold 2,520 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $48.00, for a total transaction of $120,960.00. Following the completion of the sale, the chief financial officer now directly owns 12,676 shares in the company, valued at $608,448. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

First Community Bankshares Price Performance

Shares of First Community Bankshares stock opened at $46.48 on Thursday. The business has a 50 day moving average price of $43.12 and a 200 day moving average price of $39.80. The company has a market capitalization of $850.12 million, a P/E ratio of 16.66 and a beta of 0.52. First Community Bankshares, Inc. has a 1 year low of $31.00 and a 1 year high of $49.02.

First Community Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, November 8th. First Community Bankshares’s payout ratio is currently 44.44%.

Institutional Trading of First Community Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCBC. State Board of Administration of Florida Retirement System acquired a new stake in shares of First Community Bankshares during the first quarter worth $772,000. Burke & Herbert Bank & Trust Co. acquired a new stake in shares of First Community Bankshares in the second quarter worth approximately $1,412,000. Vanguard Group Inc. increased its position in First Community Bankshares by 12.6% during the first quarter. Vanguard Group Inc. now owns 916,310 shares of the bank’s stock worth $31,732,000 after purchasing an additional 102,183 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Community Bankshares by 14.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,947 shares of the bank’s stock valued at $109,000 after purchasing an additional 361 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of First Community Bankshares during the 3rd quarter valued at $1,030,000. Hedge funds and other institutional investors own 34.95% of the company’s stock.

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.