The stock of First Community Bancshares Inc (NASDAQ:FCBC) hit a new 52-week high and has $54.58 target or 100.00% above today’s $27.29 share price. The 8 months bullish chart indicates low risk for the $479.15M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $54.58 price target is reached, the company will be worth $479.15 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 27,009 shares traded hands or 2.11% up from the average. First Community Bancshares Inc (NASDAQ:FCBC) has risen 31.18% since April 11, 2016 and is uptrending. It has outperformed by 25.03% the S&P500.
According to Zacks Investment Research, “First Community Bancshares, Inc. is a multi-state holding company headquartered in Bluefield, Virginia. The bank provides financial, mortgage brokerage and origination and trust services to individuals and commercial customers through full-service banking locations in West Virginia, Virginia and North Carolina as well as mortgage brokerage facilities operated by United First Mortgage, Inc.”
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.33, from 1.33 in 2016Q1. The ratio worsened, as 3 funds sold all First Community Bancshares Inc shares owned while 29 reduced positions. 7 funds bought stakes while 25 increased positions. They now own 6.39 million shares or 0.55% more from 6.35 million shares in 2016Q1.
Moreover, Teachers Advsrs Incorporated has 0% invested in First Community Bancshares Inc (NASDAQ:FCBC) for 31,037 shares. Blackrock Grp, a United Kingdom-based fund reported 3,736 shares. Blackrock has invested 0% of its portfolio in First Community Bancshares Inc (NASDAQ:FCBC). Nationwide Fund Advsr, a Pennsylvania-based fund reported 33,714 shares. The Iowa-based Cambridge Inv Research Incorporated has invested 0.01% in First Community Bancshares Inc (NASDAQ:FCBC). Fuller And Thaler Asset Management reported 600 shares or 0% of all its holdings. Jpmorgan Chase has 0% invested in the company for 254,990 shares. Qs Ltd Liability Corp holds 0% of its portfolio in First Community Bancshares Inc (NASDAQ:FCBC) for 4,888 shares. Connors Investor Services has 12,600 shares for 0.05% of their US portfolio. Manufacturers Life The holds 0% or 13,285 shares in its portfolio. Putnam Investments Lc has 0% invested in the company for 68,306 shares. New York State Common Retirement Fund holds 15,400 shares or 0% of its portfolio. American reported 8,997 shares or 0% of all its holdings. Bridgeway Cap Mgmt Inc accumulated 105,500 shares or 0.04% of the stock. Invesco Ltd accumulated 0% or 22,157 shares.
Insider Transactions: Since May 26, 2016, the stock had 5 buys, and 2 sales for $94,592 net activity. 250 shares were bought by Brown David D, worth $5,650 on Friday, October 28. $85,117 worth of First Community Bancshares Inc (NASDAQ:FCBC) was sold by Pell Martyn A on Thursday, May 26. $3,938 worth of shares were bought by Mills Gary R on Monday, August 1.
FCBC Company Profile
First Community Bancshares, Inc., incorporated on July 28, 1997, is a financial holding company. The Firm provides commercial banking services and products through its subsidiary First Community Bank (the Bank).
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