First Community Bankshares, Inc. (NASDAQ:FCBC) Plans Quarterly Dividend of $0.31

First Community Bankshares, Inc. (NASDAQ:FCBC) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Friday, November 8th will be given a dividend of 0.31 per share by the bank on Friday, November 22nd. This represents a $1.24 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, November 8th.

First Community Bankshares has raised its dividend payment by an average of 5.1% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. First Community Bankshares has a payout ratio of 47.1% meaning its dividend is sufficiently covered by earnings.

First Community Bankshares Stock Performance

Shares of NASDAQ:FCBC opened at $43.05 on Thursday. The business has a 50-day simple moving average of $42.74 and a two-hundred day simple moving average of $38.60. First Community Bankshares has a fifty-two week low of $28.55 and a fifty-two week high of $45.93. The firm has a market cap of $790.14 million, a price-to-earnings ratio of 15.89 and a beta of 0.52.

First Community Bankshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.79 EPS for the quarter. First Community Bankshares had a net margin of 28.30% and a return on equity of 11.30%. The firm had revenue of $41.25 million during the quarter.

Insider Transactions at First Community Bankshares

In related news, SVP Sarah W. Harmon sold 2,593 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $44.46, for a total value of $115,284.78. Following the transaction, the senior vice president now owns 4,855 shares of the company’s stock, valued at approximately $215,853.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.67% of the company’s stock.

Analyst Ratings Changes

Separately, Hovde Group began coverage on shares of First Community Bankshares in a research note on Friday, June 28th. They issued a “market perform” rating and a $38.00 price target for the company.

First Community Bankshares Company Profile

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans; and commercial, consumer real estate, and consumer and other loans.