First Community Bancshares, Inc. (NASDAQ:FCBC) Announces Special Dividend of $1.00

First Community Bancshares, Inc. (NASDAQ:FCBC) declared a special dividend on Tuesday, December 16th. Shareholders of record on Friday, January 2nd will be paid a dividend of 1.00 per share by the bank on Friday, January 16th. The ex-dividend date of this dividend is Friday, January 2nd.

First Community Bancshares has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. First Community Bancshares has a payout ratio of 46.3% indicating that its dividend is sufficiently covered by earnings.

First Community Bancshares Stock Up 1.9%

Shares of FCBC stock traded up $0.66 during mid-day trading on Wednesday, hitting $35.84. 5,099 shares of the company’s stock were exchanged, compared to its average volume of 42,910. The stock has a market cap of $656.50 million, a price-to-earnings ratio of 13.32 and a beta of 0.61. First Community Bancshares has a fifty-two week low of $31.21 and a fifty-two week high of $46.12. The stock has a 50-day simple moving average of $33.12 and a two-hundred day simple moving average of $36.12.

First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, October 28th. The bank reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. First Community Bancshares had a return on equity of 9.82% and a net margin of 26.76%.The firm had revenue of $42.19 million for the quarter, compared to the consensus estimate of $40.40 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in First Community Bancshares during the third quarter worth approximately $25,000. Advisory Services Network LLC acquired a new position in shares of First Community Bancshares during the 3rd quarter valued at $26,000. City Holding Co. lifted its holdings in shares of First Community Bancshares by 98.5% during the 3rd quarter. City Holding Co. now owns 1,042 shares of the bank’s stock valued at $36,000 after acquiring an additional 517 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in First Community Bancshares during the 3rd quarter worth $37,000. Finally, Aquatic Capital Management LLC increased its holdings in First Community Bancshares by 78.0% in the 3rd quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock valued at $40,000 after purchasing an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 34.95% of the company’s stock.

About First Community Bancshares

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.