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

First Community Bankshares, Inc. (NASDAQ:FCBC) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders 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 yield of 2.88%. The ex-dividend date is Friday, November 8th.

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

First Community Bankshares Trading Down 0.7 %

NASDAQ FCBC opened at $43.05 on Thursday. First Community Bankshares has a 52 week low of $28.55 and a 52 week high of $45.93. The stock has a market cap of $790.14 million, a price-to-earnings ratio of 15.89 and a beta of 0.52. The company has a 50-day moving average price of $42.74 and a two-hundred day moving average price of $38.60.

First Community Bankshares (NASDAQ:FCBC) last posted its 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.

Analysts Set New Price Targets

Separately, Hovde Group initiated coverage on shares of 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.

Insider Transactions at First Community Bankshares

In other news, SVP Sarah W. Harmon sold 2,593 shares of the company’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 completion of the sale, the senior vice president now directly owns 4,855 shares of the company’s stock, valued at approximately $215,853.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.