Barclays PLC Increases Stake in First Community Bankshares, Inc.

Barclays PLC has significantly increased its investment in First Community Bankshares, Inc. (NASDAQ:FCBC – Free Report) by an impressive 219.6% during the third quarter of the year, as detailed in its latest Form 13F filing with the Securities and Exchange Commission (SEC). Following this uptick, Barclays now holds a total of 29,709 shares of the bank's stock, having acquired an additional 20,412 shares during this period. The total value of Barclays PLC’s investment in First Community Bankshares is reported to be $1,282,000 as per its most recent SEC filing.

In addition to Barclays, several other institutional investors have also made notable adjustments to their positions in First Community Bankshares. Assenagon Asset Management S.A. purchased a new stake valued at approximately $1,030,000 during the third quarter. Meanwhile, Northwestern Mutual Wealth Management Co. increased its holdings by 14.0% in the second quarter, owning 2,947 shares valued at $109,000 after acquiring an additional 361 shares. Furthermore, Bank of New York Mellon Corp raised its stake by 3.8% during the second quarter and now owns 124,760 shares, worth $4,596,000 after adding 4,623 shares in the last quarter. Creative Planning has also taken a new position estimated at around $367,000 in the third quarter, along with Connor Clark & Lunn Investment Management Ltd., which acquired shares valued at approximately $802,000. Currently, institutional investors and hedge funds collectively hold about 34.95% of the stock.

Insider Transactions

Additionally, there have been some insider transactions within the company. Chief Financial Officer David D. Brown sold 2,520 shares of First Community Bankshares on November 12th, receiving an average price of $48.00 per share, amounting to a total transaction of $120,960. This sale resulted in Brown owning 12,676 shares valued at $608,448, marking a 16.58% decrease in his position. Moreover, Senior Vice President Jason R. Belcher sold 6,384 shares on November 8th for an average price of $46.49, totaling $296,792.16. Post-sale, Belcher retains 15,317 shares worth $712,087.33, representing a 29.42% reduction in his stake. Currently, company insiders own 3.67% of the stock.

Stock Performance of First Community Bankshares

The shares of First Community Bankshares (FCBC) opened at $41.71 recently. The company's current market capitalization stands at $762.92 million with a price-to-earnings (PE) ratio of 14.95, and a beta of 0.56. The stock has been fluctuating, recording a 50-day simple moving average of $44.59 and a 200-day simple moving average of $42.07. Over the past year, FCBC stock has seen a low of $31.00 and a high of $49.02.

Dividend Announcements

First Community Bankshares has also made headlines by announcing its quarterly dividend, which was distributed on November 22nd. Shareholders of record as of November 8th received a dividend payment of $0.31 per share, culminating in an annualized dividend yield of 2.97%. The ex-dividend date was also set for November 8th. Currently, the company’s dividend payout ratio is maintained at 44.44%.

Company Overview

First Community Bankshares, Inc. functions as the financial holding company for First Community Bank. The bank provides a range of banking services including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement plans. It also offers various types of loans, such as commercial, consumer real estate, and personal loans.

investment, shares, banking