KBW analyst Catherine Mealor reiterated a Hold rating on First Community Bancshares (NASDAQ: FCBC) yesterday and set a price target of $27. The company’s shares closed yesterday at $25.57, close to its 52-week low of $24.75.
According to TipRanks.com, Mealor is a 5-star analyst with an average return of 15.8% and a 76.8% success rate. Mealor covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, American National Bankshares, and Community Bankers Trust Corp.
First Community Bancshares has an analyst consensus of Hold, with a price target consensus of $27.
Based on First Community Bancshares’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $30.19 million and quarterly net profit of $6.2 million. In comparison, last year the company earned revenue of $31.73 million and had a net profit of $6.08 million.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FCBC in relation to earlier this year. Earlier this month, Stephen E. Lilly, the COO of FCBC bought 1,078 shares for a total of $15,027.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
First Community Bancshares, Inc. is a financial holding company, which provides banking products and services through its wholly-owned subsidiary First Community Bank. It offers services and products to its customers that include demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, and lines of credit; various credit card, debit card, and automated teller machine card services; corporate and personal trust services; investment management services; and life, health, and property and casualty insurance products. The company serves a diverse base of individuals and businesses that include a variety of industries, such as manufacturing, mining services, construction, retail, healthcare, military, and transportation. First Community Bancshares was founded in 1989 and is headquartered in Bluefield, VA.