Core Insights - Three stocks with strong income characteristics and buy rank are highlighted for investors: Sunoco LP, First Community Bankshares, Inc., and Immersion Corporation [1][2][3] Group 1: Company Performance - Sunoco LP (SUN) has seen a 24.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - First Community Bankshares, Inc. (FCBC) has experienced an 8.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Immersion Corporation (IMMR) has recorded a 5.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] Group 2: Dividend Yield - A Zacks Rank 1 company has a dividend yield of 6.7%, surpassing the industry average of 5.9% [5] - Another Zacks Rank 1 company has a dividend yield of 3.5%, compared to the industry average of 2.8% [6] - A third Zacks Rank 1 company has a dividend yield of 1.7%, while the industry average is 0.0% [7]

Core Viewpoint - First Community Bancshares (FCBC) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with stock price movements, making it a valuable tool for investors [2][4]. - The recent upgrade reflects an improvement in First Community Bancshares' earnings outlook, likely leading to increased buying pressure and a rise in stock price [3][5]. Earnings Estimate Revisions - For the fiscal year ending December 2024, First Community Bancshares is expected to earn $2.59 per share, representing a decrease of 14.8% from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for the company has increased by 8.8%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade to Zacks Rank 1 places First Community Bancshares in the top 5% of Zacks-covered stocks, suggesting potential for higher stock movement in the near term [11].

Resonac Holdings Corporation (SHWDY) : This Japan-based chemical company has seen the Zacks Consensus Estimate for its current year earnings increasing 22.5% over the last 60 days. Jackson Financial Inc. (JXN) : This insurance company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days. First Community Bankshares, Inc. (FCBC) : This financial holding company for First Community Bank has seen the Zacks Consensus Estimate for its current year earnings incr ...

Core Insights - The article highlights three stocks with a buy rank and strong income characteristics for investors to consider as of June 7th [1] Group 1: Dividend Yield - A Zacks Rank 1 company has a dividend yield of 3.4%, surpassing the industry average of 2.8% [1] - Another Zacks Rank 1 company has a dividend yield of 2.8%, compared to the industry average of 1.7% [2] - A different Zacks Rank 1 company shows a dividend yield of 2.7%, which is higher than the industry average of 2.5% [6] Group 2: Earnings Estimates - First Community Bankshares, Inc. (FCBC) has seen its Zacks Consensus Estimate for current year earnings increase by 8.8% over the last 60 days [3] - Resonac Holdings Corporation (SHWDY) has experienced a 22.5% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days [4] - Sasol Limited (SSL) has had its Zacks Consensus Estimate for current year earnings rise by 6.7% in the past 60 days [5]

Group 1 - Janus Henderson Group plc (JHG) has seen a 10.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and offers a dividend yield of 4.5%, higher than the industry average of 2.8% [1] - First Community Bankshares, Inc. (FCBC) has experienced an 8.8% increase in the Zacks Consensus Estimate for its current year earnings in the last 60 days, with a dividend yield of 3.3%, compared to the industry average of 2.7% [2] - Superior Group of Companies, Inc. (SGC) has reported a 17.2% increase in the Zacks Consensus Estimate for its current year earnings over the past 60 days [2]

First Community Bancshares, Inc. (FCBC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, FCBC's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving ...

First Community Bancshares (FCBC) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this holding company for First Community Bank reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a ...

First Community Bancshares (FCBC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and fol ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May7th:Leidos (LDOS) : This company which is a global science and technology leader that serves the defense, intelligence, civil and health markets, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days.Leidos’ shares gained 25.9% over the last three month compared with the S&P 500’s gain of 3.9%. The company posses ...

Financial Performance - Net income for the first quarter of 2024 was $12.85 million, an increase of $1.06 million or 9.02% compared to the same quarter in 2023[112] - Net interest income increased by $2.22 million, driven by improved net interest margin of 4.47%, which is an increase of 12 basis points year-over-year[113] - Noninterest income increased by approximately $676 thousand, or 7.88%, primarily due to higher interchange income[113] - Noninterest expense rose by $2.57 million, or 12.36%, mainly due to salaries, employee benefits, and the addition of Surrey branches and staff[113] - Total stockholders' equity increased by $3.65 million, or 0.73%, to $506.94 million as of March 31, 2024, driven by net income of $12.85 million[157] Loan and Asset Management - Interest and fees on loans rose by $5.79 million compared to the same quarter in 2023, attributed to both increased yield and average balance[113] - Average loans increased by $155.35 million, contributing to a tax-effected increase in interest on loans of $5.80 million[118] - Total loans as of March 31, 2024, decreased by $52.47 million, or 2.04%, compared to December 31, 2023, with the largest decrease in commercial loans at $34.68 million, or 2.09%[136] - Non-performing loans to total loans slightly increased to 0.78% compared to the same quarter in 2023[113] - Total consumer real estate loans decreased by $11.37 million, or 1.44%, primarily due to a decrease in single family owner occupied loans of $8.33 million, or 1.20%[136] Credit Quality - The allowance for credit losses to total loans was 1.41% at March 31, 2024, unchanged from December 31, 2023[113] - The provision for credit losses decreased by $731 thousand, with a provision of $1.01 million recorded in Q1 2024 compared to $1.97 million in Q1 2023[122] - The ACL decreased by $1.01 million during the first three months of 2024, offset by net charge-offs of $1.74 million[149] - Nonperforming assets increased by $369 thousand, or 1.88%, from December 31, 2023, with total nonperforming loans at $19.647 million as of March 31, 2024[139] Capital and Liquidity - Consolidated assets totaled $3.24 billion as of March 31, 2024[113] - As of March 31, 2024, the company's cash reserves totaled $19.76 million and short-term investment securities amounted to $22.12 million, providing adequate working capital for the next twelve months[155] - Unencumbered cash as of March 31, 2024, was $248.91 million, with unused borrowing capacity from the FHLB at $402.00 million and available credit from the FRB Discount Window at $25.54 million[156] - Common equity Tier 1 ratio as of March 31, 2024, was 15.21%, up from 14.69% as of December 31, 2023, reflecting a decrease in risk-weighted assets[158] Market Conditions and Interest Rates - A 200 basis point increase in interest rates would result in a $2.73 million, or 2.0%, increase in net interest income for the twelve-month period ending March 31, 2024[164] - The Federal Open Market Committee set the benchmark federal funds rate to a range of 525 to 550 basis points as of March 31, 2024[163] - Management believes that interest rates have a greater impact on financial performance than inflation, which is primarily affecting operating costs[165] Regulatory Compliance - The company continues to meet all capital adequacy requirements and is classified as well-capitalized under the regulatory framework for prompt corrective action[158] - The company has discontinued originating LIBOR-based variable rate loans since 2018, now using U.S. Treasury rates as an alternative reference[167]