Keefe Bruyette & Woods Maintains First Community Bancshares Inc to Market Perform with Price Target $22.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on First Community Bancshares Inc(NASDAQ:FCBC). In a research note issued to the investors, the brokerage major Raises the price-target to $22.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Jul 28, 2016.

First Community Bancshares Inc (FCBC) made into the market gainers list on Thursdays trading session with the shares advancing 0.22% or 0.05 points. Due to strong positive momentum, the stock ended at $22.68, which is also near the day’s high of $22.82. The stock began the session at $22.72 and the volume stood at 19,036 shares. The 52-week high of the shares is $23.22 and the 52 week low is $15.79. The company has a current market capitalization of $397 M and it has 1,75,14,176 shares in outstanding.

First Community Bancshares Inc(FCBC) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $28.72M. Analysts had an estimated revenue of $29.66M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.35.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Martyn A Pell (President-First Community Bank) sold 1,187 shares at $21.80 per share price.Also, On May 3, 2016, Gary R Mills (President) purchased 300 shares at $20.81 per share price.On Nov 30, 2015, Robert L Schumacher (General Counsel) sold 1,323 shares at $20.10 per share price, according to the Form-4 filing with the securities and exchange commission.

First Community Bancshares Inc. is a financial holding company. The Company provides commercial banking products and services through its wholly owned subsidiary First Community Bank. The Company is engaged in commercial and consumer banking lending activities wealth management and insurance services. Its services and products include demand deposit accounts savings and money market accounts certificates of deposit and individual retirement arrangements; commercial consumer 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 also provides insurance services as well as wealth management and investment advice through its wholly owned subsidiaries.

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