Teacher Retirement System of Texas Trims Stock Position in First Community Bankshares, Inc. (NASDAQ:FCBC)

Teacher Retirement System of Texas cut its stake in First Community Bankshares, Inc. (NASDAQ:FCBC) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,013 shares of the bank’s stock after selling 1,504 shares during the quarter. Teacher Retirement System of Texas’ holdings in First Community Bankshares were worth $833,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FCBC. Atala Financial Inc purchased a new position in shares of First Community Bankshares during the fourth quarter valued at about $59,000. Signaturefd LLC grew its holdings in shares of First Community Bankshares by 62.3% during the 4th quarter. Signaturefd LLC now owns 3,509 shares of the bank’s stock worth $146,000 after acquiring an additional 1,347 shares during the period. SG Americas Securities LLC raised its position in shares of First Community Bankshares by 18.3% in the 4th quarter. SG Americas Securities LLC now owns 7,185 shares of the bank’s stock worth $299,000 after acquiring an additional 1,109 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of First Community Bankshares in the 4th quarter valued at approximately $351,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of First Community Bankshares in the 3rd quarter valued at approximately $372,000. 34.95% of the stock is owned by hedge funds and other institutional investors.

First Community Bankshares Stock Down 2.3 %

Shares of FCBC stock opened at $38.07 on Friday. The business’s fifty day moving average is $40.94 and its 200 day moving average is $42.54. The stock has a market cap of $697.71 million, a price-to-earnings ratio of 13.40 and a beta of 0.53. First Community Bankshares, Inc. has a twelve month low of $31.00 and a twelve month high of $49.02.

First Community Bankshares (NASDAQ:FCBC) last released its earnings results on Tuesday, January 28th. The bank reported $0.71 earnings per share for the quarter. First Community Bankshares had a net margin of 27.81% and a return on equity of 10.35%.

First Community Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Friday, February 14th. First Community Bankshares’s dividend payout ratio is 43.66%.

About First Community Bankshares

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.