Insider Bets Paying Off At FCBC As New 52-Week High Reached

In trading on Thursday, shares of First Community Bancshares, Inc. (FCBC) touched a new 52-week high of $25.29/share. That's a 51.71% rise, or $8.62 per share from the 52-week low of $16.67 set back on 01/25/2016. That means at today's intraday high, any investor who purchased FCBC stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, FCBC has seen 2 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
07/29/2016 David D. Brown Chief Financial Officer 200 $23.00 $4,600.00
08/01/2016 David D. Brown Chief Financial Officer 50 $22.90 $1,145.00
08/01/2016 Gary R. Mills President 175 $22.50 $3,937.50
10/28/2016 David D. Brown Chief Financial Officer 250 $22.60 $5,650.00
10/31/2016 Gary R. Mills President 1,000 $22.70 $22,700.00
11/03/2016 David D. Brown Chief Financial Officer 50 $22.00 $1,100.00

The chart below shows where FCBC has traded over the past year, with the 50-day and 200-day moving averages included.

First Community Bancshares, Inc.  Moving Averages Chart

In afternoon trading on Thursday, FCBC shares are changing hands at $25.29/share, right at the new 52-week high.

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