NasdaqGS:FCBC

Stock Analysis Report

First Community Bankshares

Executive Summary

First Community Bankshares, Inc. operates as the financial holding company for First Community Bank that provides various banking products and services.

Snowflake

Fundamentals

Excellent balance sheet with proven track record.

Risks

  • First Community Bankshares is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has First Community Bankshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.4%

NasdaqGS:FCBC

0.3%

US Banks

-0.9%

US Market


1 Year Return

-1.0%

NasdaqGS:FCBC

-7.8%

US Banks

3.8%

US Market

FCBC outperformed the Banks industry which returned -8% over the past year.

FCBC underperformed the Market in United States of America which returned 3.3% over the past year.


Share holder returns

FCBCIndustryMarket
7 Day-3.4%0.3%-0.9%
30 Day-3.2%2.9%1.1%
90 Day-8.4%-0.7%1.1%
1 Year1.6%-1.0%-5.3%-7.8%6.1%3.8%
3 Year52.6%39.1%56.5%45.9%45.2%35.5%
5 Year173.8%134.2%64.1%46.5%59.9%42.1%

Price Volatility Vs. Market

How volatile is First Community Bankshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First Community Bankshares undervalued based on future cash flows and its price relative to the stock market?

13.93x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

First Community Bankshares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

First Community Bankshares's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

First Community Bankshares is overvalued based on earnings compared to the US Banks industry average.

First Community Bankshares is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

First Community Bankshares earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

First Community Bankshares is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is First Community Bankshares expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

First Community Bankshares's revenue is expected to grow by 1% yearly, however this is not considered high growth (20% yearly).

First Community Bankshares's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

First Community Bankshares's revenue growth is positive but not above the United States of America market average.

First Community Bankshares's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

First Community Bankshares's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if First Community Bankshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has First Community Bankshares performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Community Bankshares's year on year earnings growth rate has been positive over the past 5 years.

First Community Bankshares's 1-year earnings growth exceeds its 5-year average (53.6% vs 6.7%)

First Community Bankshares's earnings growth has exceeded the US Banks industry average in the past year (53.6% vs 37.8%).


Return on Equity

First Community Bankshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

First Community Bankshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if First Community Bankshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is First Community Bankshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

First Community Bankshares has an acceptable proportion of non-loan assets held.

First Community Bankshares has a low allowance for bad loans.

First Community Bankshares's liabilities are made up of primarily low risk sources of funding.

First Community Bankshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at First Community Bankshares are broadly funded by customer deposits.

First Community Bankshares has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is First Community Bankshares's current dividend yield, its reliability and sustainability?

3.09%

Expected Dividend Yield


Dividend Yield and Payments Analysis

First Community Bankshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

First Community Bankshares's dividend is below the markets top 25% of dividend payers in United States of America (3.78%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

  • Explore strong dividend paying companies in the banks industry.

Management

What is the CEO of First Community Bankshares's salary, the management and board of directors tenure and is there insider trading?

6.5yrs

Average management tenure


CEO

Will Stafford (55yo)

5.9yrs

Tenure

US$741,398

Compensation

Mr. William P. Stafford, II, has been the Chief Executive Officer of First Community Bankshares, Inc., the holding company of First Community Bank since August 31, 2013. Mr. Stafford serves as Corporate Se ...


CEO Compensation Analysis

Will's remuneration is lower than average for companies of similar size in United States of America.

Will's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.5yrs

Average Tenure

51yo

Average Age

The average tenure for the First Community Bankshares management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.9yrs

Average Tenure

69yo

Average Age

The tenure for the First Community Bankshares board of directors is about average.


Insider Trading

First Community Bankshares individual insiders have sold more shares than they have bought in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$19,11301 May 19
David Brown
EntityIndividual
Role
CFO & Secretary
Shares550
Max PriceUS$34.75
SellUS$25,24901 May 19
David Brown
EntityIndividual
Role
CFO & Secretary
Shares731
Max PriceUS$34.54
BuyUS$10,86310 Jan 19
W. Blankenship
EntityIndividual
Shares900
Max PriceUS$12.07
BuyUS$3,62115 Nov 18
W. Blankenship
EntityIndividual
Shares300
Max PriceUS$12.07
BuyUS$8,57506 Nov 18
Gary Mills
EntityIndividual
Role
President & Director
Member of the Board of Directors
Shares250
Max PriceUS$34.30
SellUS$119,53015 Aug 18
E. Lilly
EntityIndividual
Role
Chief Operating Officer
Shares8,629
Max PriceUS$32.92
BuyUS$8,21331 Jul 18
David Brown
EntityIndividual
Role
CFO & Secretary
Shares250
Max PriceUS$32.85
BuyUS$8,23830 Jul 18
Gary Mills
EntityIndividual
Role
President & Director
Member of the Board of Directors
Shares250
Max PriceUS$32.95

Ownership Breakdown


Management Team

  • Will Stafford (55yo)

    Chairman & CEO

    • Tenure: 5.9yrs
    • Compensation: $741.40k
  • Steve Lilly (60yo)

    Chief Operating Officer

    • Tenure: 19.1yrs
    • Compensation: $544.85k
  • Dave Brown (44yo)

    CFO & Secretary

    • Tenure: 13.2yrs
    • Compensation: $452.63k
  • Gary Mills (51yo)

    President & Director

    • Tenure: 5.9yrs
    • Compensation: $976.99k
  • P. Bundy

    Treasurer

    • Tenure: 6.5yrs
  • Jason Belcher (42yo)

    Chief Administrative Officer

    • Compensation: $338.86k

Board Members

  • Richard Johnson (69yo)

    Director

    • Tenure: 10.8yrs
    • Compensation: $128.22k
  • T. Foster (69yo)

    Director of First Community Bank NA

  • Frank Tinder

    Director of First Community Bank NA

  • Jim Atkinson (76yo)

    Director of First Community Bank NA

  • Will Stafford (55yo)

    Chairman & CEO

    • Tenure: 9.5yrs
    • Compensation: $741.40k
  • Michael Sarver (42yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: $63.73k
  • Samuel Campbell

    Director of First Community Bank NA

  • C. Davis (71yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: $68.53k
  • Gary Mills (51yo)

    President & Director

    • Tenure: 2.9yrs
    • Compensation: $976.99k
  • Sam Elmore (72yo)

    Director

    • Tenure: 5.9yrs
    • Compensation: $69.48k

Company Information

First Community Bankshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Community Bankshares, Inc.
  • Ticker: FCBC
  • Exchange: NasdaqGS
  • Founded: 1874
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$499.334m
  • Shares outstanding: 15.76m
  • Website: Click here

Number of Employees


Location

  • First Community Bankshares, Inc.
  • One Community Place
  • PO Box 989
  • Bluefield
  • Virginia
  • 24605
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCBCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1993

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/22 23:38
End of Day Share Price2019/07/22 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.