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

First Community Bankshares, Inc. (NASDAQ:FCBC) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.31 per share by the bank on Friday, February 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.93%.

First Community Bankshares has increased its dividend 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 Trading Down 0.1 %

Shares of FCBC opened at $42.39 on Wednesday. First Community Bankshares has a 1-year low of $31.00 and a 1-year high of $49.02. The stock has a market capitalization of $775.36 million, a P/E ratio of 15.19 and a beta of 0.58. The business’s 50-day moving average price is $43.15 and its 200 day moving average price is $43.01.

First Community Bankshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.71 EPS 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

In other news, SVP Jason R. Belcher sold 6,384 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 15,317 shares of the company’s stock, valued at approximately $712,087.33. This represents a 29.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David D. Brown sold 2,520 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total value of $120,960.00. Following the sale, the chief financial officer now owns 12,676 shares of the company’s stock, valued at approximately $608,448. This represents a 16.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.