Connor Clark & Lunn Investment Management Ltd. Makes New $802,000 Investment in First Community Bankshares, Inc. (NASDAQ:FCBC)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in First Community Bankshares, Inc. (NASDAQ:FCBC) during the third quarter, according to its most recent filing with the SEC. The firm purchased 18,586 shares of the bank’s stock, valued at approximately $802,000. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of First Community Bankshares at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in First Community Bankshares by 12.6% in the first quarter. Vanguard Group Inc. now owns 916,310 shares of the bank’s stock valued at $31,732,000 after purchasing an additional 102,183 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in First Community Bankshares by 4.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,781 shares of the bank’s stock valued at $443,000 after acquiring an additional 539 shares in the last quarter. Burke & Herbert Bank & Trust Co. purchased a new position in First Community Bankshares in the second quarter worth $1,412,000. Bank of New York Mellon Corp increased its position in shares of First Community Bankshares by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 124,760 shares of the bank’s stock worth $4,596,000 after purchasing an additional 4,623 shares in the last quarter. Finally, Callan Family Office LLC purchased a new stake in shares of First Community Bankshares during the 2nd quarter valued at $14,523,000. 34.95% of the stock is owned by institutional investors.

First Community Bankshares Price Performance

First Community Bankshares stock opened at $46.64 on Friday. The business has a fifty day moving average price of $43.85 and a 200-day moving average price of $40.58. First Community Bankshares, Inc. has a 1-year low of $31.00 and a 1-year high of $49.02. The stock has a market capitalization of $853.05 million, a price-to-earnings ratio of 16.72 and a beta of 0.52.

First Community Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.66%. First Community Bankshares’s payout ratio is 44.44%.

Insider Activity

In other First Community Bankshares news, SVP Jason R. Belcher sold 6,384 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $46.49, for a total transaction of $296,792.16. Following the sale, the senior vice president now owns 15,317 shares of the company’s stock, valued at approximately $712,087.33. The trade was a 29.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David D. Brown sold 2,520 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total transaction of $120,960.00. Following the completion of the transaction, the chief financial officer now directly owns 12,676 shares of the company’s stock, valued at approximately $608,448. This represents a 16.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.67% of the company’s stock.

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 plans; and commercial, consumer real estate, and consumer and other loans.