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

First Community Bankshares, Inc. (NASDAQ:FCBC) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders 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 annualized dividend and a yield of 2.93%.

First Community Bankshares has increased its dividend by an average of 4.9% per year over the last three years. First Community Bankshares has a payout ratio of 45.8% indicating that its dividend is sufficiently covered by earnings.

First Community Bankshares Price Performance

Shares of NASDAQ FCBC traded down $0.03 during trading hours on Tuesday, hitting $42.39. 16,504 shares of the stock were exchanged, compared to its average volume of 36,024. The firm has a market capitalization of $775.31 million, a P/E ratio of 15.19 and a beta of 0.58. First Community Bankshares has a one year low of $31.00 and a one year high of $49.02. The company’s 50 day moving average is $43.20 and its 200 day moving average is $42.98.

First Community Bankshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.71 earnings per share for the quarter. First Community Bankshares had a return on equity of 10.70% and a net margin of 27.18%.

Insider Transactions at First Community Bankshares

In related news, CFO David D. Brown sold 2,520 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total transaction of $120,960.00. Following the transaction, the chief financial officer now directly owns 12,676 shares in the company, valued at $608,448. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jason R. Belcher sold 6,384 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $46.49, for a total value of $296,792.16. Following the completion of the sale, the senior vice president now owns 15,317 shares of the company’s stock, valued at $712,087.33. This represents a 29.42 % decrease in their position. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by corporate insiders.

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.