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

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 paid 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 of this dividend 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 increased 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 Price Performance

First Community Bankshares stock opened at $43.05 on Thursday. The stock has a market cap of $790.14 million, a P/E ratio of 15.89 and a beta of 0.52. First Community Bankshares has a 1 year low of $28.55 and a 1 year high of $45.93. The firm’s 50 day moving average price is $42.74 and its 200-day moving average price is $38.60.

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

Insider Buying and Selling

In related news, SVP Sarah W. Harmon sold 2,593 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 4,855 shares in the company, valued at approximately $215,853.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Hovde Group assumed coverage on shares of First Community Bankshares in a research report on Friday, June 28th. They set a “market perform” rating and a $38.00 price objective on the stock.

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.