First Community Bancshares (NASDAQ:FCBC) Announces Quarterly Earnings Results

First Community Bancshares (NASDAQ:FCBC - Get Free Report) posted its earnings results on Tuesday. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07, Zacks reports. First Community Bancshares had a net margin of 27.07% and a return on equity of 9.68%.First Community Bancshares Trading Up 1.1%FCBC stock traded up $0.35 on Tuesday, hitting $33.32. 34,929 shares of the company's stock traded hands, compared to its average volume of 43,405. First Community Bancshares has a 1-year low of $31.74 and a 1-year high of $49.02. The stock has a market cap of $610.26 million, a price-to-earnings ratio of 12.21 and a beta of 0.64. The stock has a fifty day moving average of $35.61 and a 200-day moving average of $37.47. Institutional Investors Weigh In On First Community BancsharesSeveral hedge funds have recently made changes to their positions in FCBC. BNP Paribas Financial Markets lifted its position in shares of First Community Bancshares by 56.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank's stock valued at $63,000 after acquiring an additional 577 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of First Community Bancshares by 656.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,963 shares of the bank's stock valued at $155,000 after acquiring an additional 3,439 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of First Community Bancshares by 10.5% in the 2nd quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank's stock valued at $206,000 after acquiring an additional 499 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of First Community Bancshares in the 2nd quarter valued at approximately $343,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of First Community Bancshares in the 2nd quarter valued at approximately $360,000. Hedge funds and other institutional investors own 34.95% of the company's stock. Analysts Set New Price TargetsSeparately, Weiss Ratings reiterated a "hold (c+)" rating on shares of First Community Bancshares in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, First Community Bancshares currently has an average rating of "Hold".Read Our Latest Report on First Community BancsharesAbout First Community Bancshares (Get Free Report)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.Featured ArticlesFive stocks we like better than First Community BancsharesWant to Profit on the Downtrend? Downtrends, Explained.Intel's Breakout Quarter: More Than a Beat, It's a DeclarationMost Volatile Stocks, What Investors Need to KnowQualcomm Just Hit A 52 Week High—Time to Buckle UpAsset Allocation Strategies in Volatile Markets1 Trial, 2 Franchises: Zenas Stock Climbs on Landmark DataThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in First Community Bancshares Right Now?Before you consider First Community Bancshares, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Community Bancshares wasn't on the list.While First Community Bancshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here