Stock fact sheet · data as of
First Community Bankshares, Inc. (FCBC): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · High Yield Income
Is FCBC undervalued?
FCBC closed at 48.19 on 16 Oct 2026, which is 26% above the GLS average fair value of 38.24 from 9 models. 7 of them value the shares below today's price. Our screens read that as "no margin of safety": the stock is not a value candidate at this price, whatever the quality numbers say.
The 9 models disagree widely: GLS Growth gives 4.16 while DCF gives 82.62. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files FCBC under High Yield Income: a dividend yield above 4%.
Nine valuation models for FCBC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 82.62 | +71% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 44.86 | -7% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 36.04 | -25% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5.10 | -89% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 4.16 | -91% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 64.33 | +33% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 38.95 | -19% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 33.25 | -31% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 34.84 | -28% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -111.34 | -331% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 38.00 | -21% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: FCBC passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 5.6 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are moderate - ROIC 9.7%, ROE 9.7%, ROA 1.5% - with debt at 0.00 times equity and a free-cash-flow yield of 4.6%.
The dividend yield is high at 4.69% (payout ratio 70%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Financial Service, Other 43%, Deposit Account 43%, Fiduciary and Trust 14% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 9.7% |
|---|---|---|---|
| GLS Moat | 5.6 / 10 | ROE | 9.7% |
| Debt / equity | 0.00 | ROA | 1.5% |
| Free-cash-flow yield | 4.6% | Payout ratio | 70% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 47: Weak
FCBC scores 47 out of 100 on the Wheel Score, in the Weak band (under 50). Value 2/25, Health 9/20, Moat 8/15, Premium 20/20, Stability 8/20. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 47% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 0 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 81k shares a day on a market cap of $911M, with a beta of 0.49 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 8 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 2 / 25 | -26% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 8 / 15 | moat 5.6/10 | |
| Premium | 20 / 20 | implied volatility 47% | |
| Stability | 8 / 20 | 81k shares/day, $911M cap, beta 0.49 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
First Community Bankshares, Inc. reports earnings on 27 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to First Community Bankshares, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| MPB Mid Penn Bancorp, Inc. | 35.97 | 51.18 | +30% | 78Good | $911M |
| NBBK NB Bancorp, Inc. Common Stock | 22.37 | 59.58 | +62% | 72Good | $913M |
| TRST TrustCo Bank Corp NY | 53.87 | 44.21 | -22% | 53Fair | $917M |
| HAFC Hanmi Financial Corporation | 30.94 | 54.12 | +43% | 79Good | $917M |
| SBSI Southside Bancshares, Inc. | 30.22 | 39.38 | +23% | 74Good | $901M |
| FMNB Farmers National Banc Corp. | 15.20 | 20.95 | +27% | 76Good | $901M |
| CPF Central Pacific Financial Corp. | 36.10 | 45.89 | +21% | 75Good | $929M |
| CAC Camden National Corp. | 55.87 | 75.95 | +26% | 74Good | $944M |
| THFF First Financial Corporation | 73.01 | 103.28 | +29% | 75Good | $868M |
| EQBK Equity Bancshares, Inc. | 46.68 | 58.58 | +20% | 65Good | $961M |
| EGBN Eagle Bancorp, Inc. | 28.02 | 19.06 | -47% | 41Weak | $854M |
| SMBK SmartFinancial, Inc. | 49.76 | 53.46 | +7% | 65Good | $851M |
⚖ Compare FCBC with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about FCBC
Is FCBC undervalued right now?
No: at 48.19 the stock trades 26% above the GLS average fair value of 38.24 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of FCBC and what does it mean?
FCBC scores 47 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for FCBC?
38.24 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does First Community Bankshares, Inc. report earnings next?
The next earnings report is due on 27 Oct 2026 (after the close), 11 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FCBC have listed options, and how liquid are they?
Yes. The nightly snapshot found 58 listed contracts with 0 open interest across all expiries and implied volatility of 47% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.