First Community Bankshares (NASDAQ:FCBC) Announces Earnings Results, Beats Expectations By $0.13 EPS

First Community Bankshares (NASDAQ:FCBC) released its quarterly earnings results on Monday. The bank reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.13, MarketWatch Earnings reports. First Community Bankshares had a net margin of 24.23% and a return on equity of 8.11%.

NASDAQ FCBC opened at $21.81 on Thursday. First Community Bankshares has a 12 month low of $17.21 and a 12 month high of $31.32. The stock has a market cap of $386.41 million, a PE ratio of 11.02 and a beta of 0.57. The company’s 50-day moving average price is $22.37 and its 200-day moving average price is $20.66.

The business also recently declared a dividend, which will be paid on Friday, February 19th. Stockholders of record on Friday, February 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 4th. This is a boost from First Community Bankshares’s previous dividend of $0.14. This represents a dividend yield of 4.55%. First Community Bankshares’s dividend payout ratio is presently 45.45%.

A number of research firms recently issued reports on FCBC. Zacks Investment Research raised shares of First Community Bankshares from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Thursday, November 5th. Piper Sandler reduced their target price on shares of First Community Bankshares from $21.50 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 30th.

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 arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.

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Earnings History for First Community Bankshares (NASDAQ:FCBC)

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