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First Community Bancshares, Inc. (FCBC) [hlAlert]

Rating:
Buy FCBC
up 35.27 %

First Community Bancshares, Inc. (FCBC) upgraded to Buy with price target $16 by Davenport

Posted on: Friday,  Jul 24, 2009  3:25 PM ET by Davenport

Davenport rated Buy First Community Bancshares, Inc. (NASDAQ: FCBC) on 07/24/2009, when the stock price was $12.90. Since
then, First Community Bancshares, Inc. has gained 35.27% as of 08/27/2015's recent price of $17.45.
If you would have followed this Davenport's recommendation on FCBC, you would have gained 35.27% of your investment in 2225 days.

First Community Bancshares, Inc. is a bank holding company serves as the holding company for First Community Bank, N. A. (the Bank), a national banking association that conducts commercial banking operations within the states of Virginia, West Virginia, North and South Carolina, and Tennessee. The Company also owns GreenPoint Insurance Group, Inc. (GreenPoint), a full-service insurance agency and Investment Planning Consultants (IPC), an investment advisory. The Company had total consolidated assets of approximately $2.13 billion at December 31, 2008, and conducts its banking operations through 59 locations. The Company provides a mechanism for ownership of the subsidiary banking operations, provides capital funds as required, and serves as a conduit for distribution of dividends to stockholders. In November 2008, the Company acquired Coddle Creek Financial Corp. (Coddle Creek).

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/24/2009 3:25 PM Buy
None
12.90 16.00
as of 12/31/2009
1 Week up  13.30 %
1 Month up  24.74 %
3 Months up  8.63 %
1 YTD up  6.27 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/22/2008 9:25 AM Hold
None
33.35

(*) Stock Price at the time of the recommendation.
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