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

First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Friday, November 8th will be given a dividend of 0.31 per share by the bank on Friday, November 22nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Friday, November 8th.

First Community Bankshares has raised its dividend by an average of 5.1% annually over the last three years and has increased its dividend every year for the last 13 years. First Community Bankshares has a dividend payout ratio of 47.1% indicating that its dividend is sufficiently covered by earnings.

First Community Bankshares Stock Performance

First Community Bankshares stock traded down $0.86 during midday trading on Thursday, reaching $42.19. 34,162 shares of the stock were exchanged, compared to its average volume of 33,532. The company's fifty day moving average is $42.74 and its 200-day moving average is $38.60. The firm has a market cap of $774.36 million, a PE ratio of 15.68 and a beta of 0.52. First Community Bankshares has a 52 week low of $28.85 and a 52 week high of $45.93.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The bank reported $0.79 earnings per share for the quarter. First Community Bankshares had a net margin of 28.30% and a return on equity of 11.30%. The business had revenue of $41.25 million for the quarter.

Insider Activity

In other news, SVP Sarah W. Harmon sold 2,593 shares of the company'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 completion of the sale, the senior vice president now owns 4,855 shares of the company's stock, valued at approximately $215,853.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Hovde Group assumed coverage on shares of First Community Bankshares in a research note on Friday, June 28th. They issued a "market perform" rating and a $38.00 price target for the company.

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.