Keefe, Bruyette & Woods Happy With First Community Bancshares Outperform Rating

According to Keefe, Bruyette & Woods, it feels good about First Community Bancshares FCBC Outperform rating, considering the recent weakness in the shares. Keefe, Bruyette & Woods said that, “FCBC only trades at 1.2x tangible book and 9.8x 2012E EPS which we believe is an attractive valuation for a company with FCBC's credit and profitability performance, capital position and M&A opportunities.” First Community Bancshares closed yesterday at $12.30.