PDT Partners LLC Purchases New Position in First Community Bancshares, Inc. (FCBC)

PDT Partners LLC purchased a new position in First Community Bancshares, Inc. (NASDAQ:FCBC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,900 shares of the bank’s stock, valued at approximately $298,000. PDT Partners LLC owned 0.06% of First Community Bancshares at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FCBC. Summit Financial Group Inc. purchased a new position in First Community Bancshares in the 2nd quarter worth about $3,123,000. Vanguard Group Inc. increased its stake in First Community Bancshares by 7.8% in the 2nd quarter. Vanguard Group Inc. now owns 609,559 shares of the bank’s stock worth $16,671,000 after buying an additional 44,062 shares during the period. Dimensional Fund Advisors LP increased its stake in First Community Bancshares by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,003,331 shares of the bank’s stock worth $27,442,000 after buying an additional 35,315 shares during the period. Northern Trust Corp increased its stake in First Community Bancshares by 12.2% in the 2nd quarter. Northern Trust Corp now owns 202,099 shares of the bank’s stock worth $5,528,000 after buying an additional 21,993 shares during the period. Finally, Menta Capital LLC purchased a new position in First Community Bancshares in the 2nd quarter worth about $506,000. 40.26% of the stock is currently owned by institutional investors.

First Community Bancshares, Inc. (NASDAQ FCBC) opened at 29.66 on Monday. The stock has a market cap of $504.72 million, a P/E ratio of 19.89 and a beta of 0.73. The firm’s 50-day moving average is $26.90 and its 200-day moving average is $26.41. First Community Bancshares, Inc. has a 52-week low of $20.47 and a 52-week high of $31.94.

First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, July 25th. The bank reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. First Community Bancshares had a net margin of 21.56% and a return on equity of 7.38%. The firm had revenue of $27.77 million for the quarter. Equities research analysts predict that First Community Bancshares, Inc. will post $1.58 earnings per share for the current year.

In other news, President Gary R. Mills bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average cost of $27.38 per share, for a total transaction of $27,380.00. Following the completion of the purchase, the president now owns 16,533 shares of the company’s stock, valued at $452,673.54. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 3.33% of the stock is currently owned by corporate insiders.

Several research analysts recently commented on FCBC shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of First Community Bancshares in a research note on Sunday, July 30th. BidaskClub downgraded shares of First Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th.

ILLEGAL ACTIVITY WARNING: “PDT Partners LLC Purchases New Position in First Community Bancshares, Inc. (FCBC)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/pdt-partners-llc-purchases-new-position-in-first-community-bancshares-inc-fcbc.html.

First Community Bancshares Company Profile

First Community Bancshares, Inc is a financ

A number of other hedge funds also recently bought and sold shares of FCBC. Summit Financial Group Inc. purchased a new position in First Community Bancshares in the 2nd quarter worth about $3,123,000. Vanguard Group Inc. increased its stake in First Community Bancshares by 7.8% in the 2nd quarter. Vanguard Group Inc. now owns 609,559 shares of the bank’s stock worth $16,671,000 after buying an additional 44,062 shares during the period. Dimensional Fund Advisors LP increased its stake in First Community Bancshares by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,003,331 shares of the bank’s stock worth $27,442,000 after buying an additional 35,315 shares during the period. Northern Trust Corp increased its stake in First Community Bancshares by 12.2% in the 2nd quarter. Northern Trust Corp now owns 202,099 shares of the bank’s stock worth $5,528,000 after buying an additional 21,993 shares during the period. Finally, Menta Capital LLC purchased a new position in First Community Bancshares in the 2nd quarter worth about $506,000. 40.26% of the stock is currently owned by institutional investors.

First Community Bancshares, Inc. (NASDAQ FCBC) opened at 29.66 on Monday. The stock has a market cap of $504.72 million, a P/E ratio of 19.89 and a beta of 0.73. The firm’s 50-day moving average is $26.90 and its 200-day moving average is $26.41. First Community Bancshares, Inc. has a 52-week low of $20.47 and a 52-week high of $31.94.

First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, July 25th. The bank reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. First Community Bancshares had a net margin of 21.56% and a return on equity of 7.38%. The firm had revenue of $27.77 million for the quarter. Equities research analysts predict that First Community Bancshares, Inc. will post $1.58 earnings per share for the current year.

In other news, President Gary R. Mills bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average cost of $27.38 per share, for a total transaction of $27,380.00. Following the completion of the purchase, the president now owns 16,533 shares of the company’s stock, valued at $452,673.54. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 3.33% of the stock is currently owned by corporate insiders.

Several research analysts recently commented on FCBC shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of First Community Bancshares in a research note on Sunday, July 30th. BidaskClub downgraded shares of First Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th.

ILLEGAL ACTIVITY WARNING: “PDT Partners LLC Purchases New Position in First Community Bancshares, Inc. (FCBC)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/pdt-partners-llc-purchases-new-position-in-first-community-bancshares-inc-fcbc.html.

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 Bank operates as First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a Division of First Community Bank, in Tennessee.

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

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