First Community Bankshares, Inc. (NASDAQ:FCBC) Plans Dividend Increase – $0.31 Per Share

First Community Bankshares, Inc. (NASDAQ:FCBC) declared a quarterly dividend on Tuesday, July 23rd, Zacks reports. Investors of record on Friday, August 9th will be paid a dividend of 0.31 per share by the bank on Friday, August 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, August 9th. This is an increase from First Community Bankshares’s previous quarterly dividend of $0.29.

First Community Bankshares has increased its dividend by an average of 5.1% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. First Community Bankshares has a payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings.

First Community Bankshares Price Performance

Shares of FCBC stock opened at $43.26 on Thursday. First Community Bankshares has a 12-month low of $28.13 and a 12-month high of $44.95. The firm has a market capitalization of $793.82 million, a price-to-earnings ratio of 15.96 and a beta of 0.53. The business has a 50 day simple moving average of $35.99 and a 200 day simple moving average of $34.51.

First Community Bankshares (NASDAQ:FCBC) last released its earnings results on Tuesday, April 23rd. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The firm had revenue of $40.89 million during the quarter, compared to the consensus estimate of $39.72 million. First Community Bankshares had a return on equity of 11.33% and a net margin of 28.30%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Hovde Group assumed coverage on First Community Bankshares in a research report on Friday, June 28th. They issued a “market perform” rating and a $38.00 target price for the company. StockNews.com upgraded First Community Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th.

About First Community Bankshares

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.