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

First Community Bancshares, Inc. (NASDAQ:FCBC) announced a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, May 15th will be given a dividend of 0.31 per share by the bank on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th.

First Community Bancshares has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 13 years. First Community Bancshares has a payout ratio of 46.3% meaning its dividend is sufficiently covered by earnings.

First Community Bancshares Stock Up 0.9%

First Community Bancshares stock opened at $43.74 on Wednesday. First Community Bancshares has a 52 week low of $31.21 and a 52 week high of $45.10. The company has a market capitalization of $834.34 million, a price-to-earnings ratio of 16.44 and a beta of 0.48. The stock has a 50-day moving average price of $41.23 and a 200 day moving average price of $36.76.

First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Monday, May 4th. The bank reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. First Community Bancshares had a return on equity of 10.17% and a net margin of 26.32%.The firm had revenue of $78.05 million during the quarter, compared to the consensus estimate of $44.20 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised First Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, First Community Bancshares presently has a consensus rating of “Buy”.

First Community Bancshares Company Profile

First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.

The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.