First Community Bankshares, Inc. Declares Quarterly Dividend

First Community Bankshares, Inc. (NASDAQ:FCBC) announced on Tuesday, January 28th, that it will issue a quarterly dividend. Shareholders who are on record as of Friday, February 14th, will receive a dividend of $0.31 per share, payable on Friday, February 28th. This translates to an annualized dividend of $1.24 and a dividend yield of 2.93%.

The company has shown consistent growth in its dividends, increasing them by an average of 4.9% each year over the past three years. With a payout ratio of 45.8%, the bank's dividends are well-supported by its earnings.

First Community Bankshares Performance

On Tuesday, during trading hours, shares of NASDAQ FCBC dipped by $0.03, settling at $42.39. In total, 16,504 shares were traded, which is less than the average volume of 36,024. The company has a market capitalization of $775.31 million and a price-to-earnings (P/E) ratio of 15.19, with a beta of 0.58. Over the past year, the stock reached a low of $31.00 and a high of $49.02. The 50-day moving average stands at $43.20, while the 200-day moving average is $42.98.

In its most recent earnings report filed on January 28th, First Community Bankshares recorded earnings of $0.71 per share for the quarter, achieving a return on equity of 10.70% and a net profit margin of 27.18%.

Insider Activity

In other news, CFO David D. Brown sold 2,520 shares of the company's stock on November 12th at an average price of $48.00, totaling $120,960. Following this transaction, he now holds 12,676 shares valued at approximately $608,448, indicating a 16.58% decrease in his ownership share. This information was revealed in a legal filing with the SEC. Additionally, Senior Vice President Jason R. Belcher also sold 6,384 shares on November 8th, with the sale amounting to $296,792.16, reflecting a 29.42% decrease in his ownership stake.

About First Community Bankshares

First Community Bankshares, Inc. serves as the financial holding company for First Community Bank. The bank provides a variety of banking products and services, including demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans, along with commercial, consumer real estate, and other loans.

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