First Community Bankshares, Inc. (FCBC) to Issue Quarterly Dividend of $0.31 on February 28th

First Community Bankshares, Inc. (NASDAQ:FCBC) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Friday, February 14th will be given a dividend of 0.31 per share by the bank on Friday, February 28th. This represents a $1.24 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, February 14th.

First Community Bankshares has raised its dividend payment by an average of 4.9% annually over the last three years. First Community Bankshares has a dividend payout ratio of 45.8% meaning its dividend is sufficiently covered by earnings.

First Community Bankshares Stock Up 3.1 %

FCBC opened at $43.70 on Thursday. The stock has a market cap of $799.32 million, a price-to-earnings ratio of 15.66 and a beta of 0.58. First Community Bankshares has a twelve month low of $31.00 and a twelve month high of $49.02. The company’s 50-day moving average price is $43.12 and its two-hundred day moving average price is $43.01.

First Community Bankshares (NASDAQ:FCBC) last released its earnings results on Tuesday, January 28th. The bank reported $0.71 earnings per share for the quarter. First Community Bankshares had a net margin of 27.18% and a return on equity of 10.70%.

Insider Buying and Selling at First Community Bankshares

In other news, SVP Jason R. Belcher sold 6,384 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $46.49, for a total value of $296,792.16. Following the sale, the senior vice president now owns 15,317 shares of the company’s stock, valued at $712,087.33. The trade was a 29.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David D. Brown sold 2,520 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total transaction of $120,960.00. Following the sale, the chief financial officer now directly owns 12,676 shares in the company, valued at $608,448. This trade represents a 16.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.67% of the company’s stock.

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.