Bank of Montreal Can Trims Stake in First Community Bankshares Inc (NASDAQ:FCBC)

Bank of Montreal Can decreased its holdings in First Community Bankshares Inc (NASDAQ:FCBC) by 19.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,891 shares of the bank’s stock after selling 449 shares during the period. Bank of Montreal Can’s holdings in First Community Bankshares were worth $63,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. lifted its position in shares of First Community Bankshares by 135.2% in the first quarter. Meeder Asset Management Inc. now owns 755 shares of the bank’s stock valued at $25,000 after acquiring an additional 434 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of First Community Bankshares in the fourth quarter valued at about $71,000. Legal & General Group Plc increased its holdings in shares of First Community Bankshares by 15.2% in the fourth quarter. Legal & General Group Plc now owns 2,758 shares of the bank’s stock worth $86,000 after purchasing an additional 364 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of First Community Bankshares by 300.5% in the first quarter. BNP Paribas Arbitrage SA now owns 3,276 shares of the bank’s stock worth $109,000 after purchasing an additional 2,458 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of First Community Bankshares by 519.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,421 shares of the bank’s stock worth $202,000 after purchasing an additional 5,385 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:FCBC traded down $0.39 during trading hours on Monday, hitting $33.37. 15,200 shares of the company’s stock traded hands, compared to its average volume of 25,780. The firm has a market cap of $531.95 million, a price-to-earnings ratio of 14.87 and a beta of 0.67. The firm has a fifty day simple moving average of $33.42. First Community Bankshares Inc has a 1 year low of $27.06 and a 1 year high of $36.48.

First Community Bankshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. The firm had revenue of $30.27 million during the quarter. First Community Bankshares had a return on equity of 11.11% and a net margin of 29.57%.

Separately, BidaskClub cut First Community Bankshares from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th.

First Community Bankshares Company 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 arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

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Institutional Ownership by Quarter for First Community Bankshares (NASDAQ:FCBC)

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