Sarah W. Harmon, the Senior Vice President & General Counsel of First Community (NASDAQ:FCCO) Bankshares Inc. (NASDAQ:FCBC), has recently engaged in significant trading activity involving the company's stock, according to a new SEC filing. On July 26, Harmon sold a total of 2,593 shares at an average price of $44.46, resulting in a transaction value of approximately $115,284.
The recent sale was not Harmon's only transaction that day; she also acquired shares through the exercise of options. These buy transactions included the acquisition of 1,496 shares at $20.15 per share and 1,097 shares at $24.72 per share, totaling an investment of $57,262. The price range for these purchases varied, highlighting the different option exercise prices that were available to her.
Investors and market watchers often look to insider trading activity, such as Harmon's, for insights into the company's performance and potential future direction. The trading moves of high-level executives can shed light on their confidence in the company's value and prospects.
First Community Bankshares Inc., headquartered in Bluefield, Virginia, operates as a state commercial bank and has been a part of the financial sector for many years. As of the date of the report, following her transactions, Harmon holds a direct ownership of 4,855 shares in the company.
The stock transactions were executed in accordance with SEC regulations, and the details of the sales and acquisitions have been fully disclosed in the required filings. Harmon's trades were part of her planned financial strategy and were carried out in compliance with all relevant insider trading laws.
Investors who follow First Community Bankshares Inc. will likely keep a close eye on future transactions by company insiders, as these can provide valuable context for the stock's performance and insider perspectives on the bank's health and trajectory.
InvestingPro Insights
First Community Bankshares Inc. (NASDAQ:FCBC), a staple in the financial sector, has shown notable activity in the stock market, with insiders like Senior Vice President & General Counsel Sarah W. Harmon engaging in significant trading. For investors tracking insider movements, these transactions may offer a glimpse into the company's valuation and confidence levels among its top executives.
With a market capitalization of $808.82 million and a solid track record of dividend growth, First Community Bankshares Inc. stands out with its commitment to shareholder returns, having raised its dividend for 4 consecutive years and maintaining payments for 31 years. This dedication to consistent dividends is a positive signal for investors looking for stable income streams. The company's P/E ratio currently stands at 15.81, reflecting its earnings relative to its share price.
Recent performance metrics from InvestingPro Data indicate a strong return over the last month, with a price total return of 21.63%, and an impressive three-month return of 35.63%. This robust short-term performance is complemented by the company's long-term success, as it has provided a high return over the last decade. However, investors should note that the stock is trading near its 52-week high, with a price percentage of 96.81% of the peak, and the RSI suggests the stock may be in overbought territory.
For those looking to delve deeper into First Community Bankshares Inc.'s financial health and stock performance, InvestingPro offers additional insights. There are 11 more InvestingPro Tips available, which can further guide investment decisions. To explore these tips and gain a comprehensive understanding of FCBC, visit https://www.investing.com/pro/FCBC. Remember to use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, enhancing your investment research with valuable data and analytics.
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