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

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

The bank has demonstrated a consistent increase in its dividend payments, averaging a growth of 4.9% annually over the last three years. Additionally, First Community Bankshares maintains a payout ratio of 45.8%, suggesting that its earnings are more than sufficient to cover its dividend obligations.

Performance of First Community Bankshares

During trading on Tuesday, shares of NASDAQ FCBC experienced a slight decrease of $0.03, bringing the price down to $42.39. A total of 16,504 shares traded hands compared to an average volume of 36,024. The company has a market capitalization of approximately $775.31 million, a price-to-earnings (P/E) ratio of 15.19, and a beta of 0.58. Over the past year, the stock has reached a low of $31.00 and a high of $49.02. Its 50-day moving average stands at $43.20, while the 200-day moving average is at $42.98.

First Community Bankshares also released its latest quarterly earnings report on January 28th, showing earnings per share of $0.71. The bank recorded a return on equity of 10.70% and a net profit margin of 27.18%.

Insider Transactions

In recent developments, CFO David D. Brown sold 2,520 shares of the company’s stock on November 12th, with an average sale price of $48.00. This totals to $120,960. Following this transaction, Brown now holds 12,676 shares, valued at approximately $608,448, marking a decrease of 16.58% in his ownership. This transaction was disclosed in the appropriate legal filing with the SEC.

Furthermore, Senior Vice President Jason R. Belcher sold 6,384 shares on November 8th, averaging $46.49 per share, yielding a total of approximately $296,792.16. Belcher now owns 15,317 shares, worth around $712,087.33, which represents a 29.42% decrease in his holdings. At present, corporate insiders possess 3.67% of the company’s stock.

About First Community Bankshares

First Community Bankshares, Inc. operates as the parent company of First Community Bank, offering a wide range of banking products and services. These include demand and savings deposit accounts, money market accounts, certificates of deposit, individual retirement accounts, as well as various types of loans, including commercial, consumer real estate, and other consumer loans.

Investment Considerations

Investors are encouraged to assess their options carefully. While First Community Bankshares currently holds a "Hold" rating among analysts, there are recommendations for other stocks that may represent more favorable investments.

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