First Community Bankshares, Inc. (NASDAQ:FCBC) SVP Sells $296,792.16 in Stock

First Community Bankshares, Inc. (NASDAQ:FCBC) 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 transaction, the senior vice president now directly owns 15,317 shares of the company’s stock, valued at $712,087.33. The trade was a 29.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

First Community Bankshares Trading Down 0.8 %

NASDAQ:FCBC opened at $46.12 on Friday. The company has a 50 day simple moving average of $43.20 and a two-hundred day simple moving average of $39.85. The company has a market cap of $843.53 million, a PE ratio of 16.53 and a beta of 0.52. First Community Bankshares, Inc. has a 12 month low of $31.00 and a 12 month high of $49.02.

First Community Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 2.69%. First Community Bankshares’s payout ratio is 44.44%.

Institutional Investors Weigh In On First Community Bankshares

A number of large investors have recently made changes to their positions in FCBC. Callan Family Office LLC bought a new stake in First Community Bankshares during the second quarter valued at approximately $14,523,000. Vanguard Group Inc. grew its position in shares of First Community Bankshares by 12.6% during the 1st quarter. Vanguard Group Inc. now owns 916,310 shares of the bank’s stock valued at $31,732,000 after acquiring an additional 102,183 shares during the period. Burke & Herbert Bank & Trust Co. purchased a new stake in shares of First Community Bankshares in the 2nd quarter worth $1,412,000. Assenagon Asset Management S.A. bought a new position in First Community Bankshares in the 3rd quarter worth $1,030,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in First Community Bankshares during the first quarter valued at $772,000. 34.95% of the stock is currently owned by institutional investors.

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.