First Community Bancshares Inc (NASDAQ: FCBC) has reported earnings for its second fiscal quarter (ending June 30) of $0.69 versus $0.53 for the same period a year ago — an increase of 30%. Relative to the consensus estimate of $0.64, this was a premium of $0.05. For the latest four quarters through June 30, E.P.S. were $2.81 compared to $2.85 a year ago — a decline of -1%.
Recent Price Action
First Community Bancshares Inc (NASDAQ: FCBC) stock enjoyed a large increase of 2.9% on 7/23/24. The stock closed at $43.60. Moreover, this advance was accompanied by above average trading volume at 145% of normal. The stock has performed in line with the market over the last nine months and has risen 8.0% during the last week.
Current PriceTarget Research Rating
FCBC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
First Community Bancshares has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. First Community Bancshares has a neutral Appreciation Score of 49 and a slightly negative Power Rating of 39, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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