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

First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report) declared a quarterly dividend on Tuesday, July 22nd, Wall Street Journal reports. Shareholders of record on Friday, August 8th will be paid a dividend of 0.31 per share by the bank on Friday, August 22nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Friday, August 8th.

First Community Bancshares has a payout ratio of 46.3% indicating that its dividend is sufficiently covered by earnings.

First Community Bancshares Stock Down 1.1%

FCBC traded down $0.44 during midday trading on Friday, reaching $39.21. 27,675 shares of the company's stock were exchanged, compared to its average volume of 50,725. The firm has a market capitalization of $716.76 million, a price-to-earnings ratio of 14.36 and a beta of 0.60. First Community Bancshares has a one year low of $33.88 and a one year high of $49.02. The business has a 50-day simple moving average of $39.11 and a two-hundred day simple moving average of $39.55.

First Community Bancshares (NASDAQ:FCBC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The firm had revenue of $41.00 million during the quarter, compared to analysts' expectations of $40.60 million. First Community Bancshares had a net margin of 27.07% and a return on equity of 9.62%.

Institutional Trading of First Community Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of First Community Bancshares in the first quarter valued at approximately $976,000. AQR Capital Management LLC increased its holdings in shares of First Community Bancshares by 87.3% in the first quarter. AQR Capital Management LLC now owns 18,145 shares of the bank's stock valued at $684,000 after purchasing an additional 8,457 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of First Community Bancshares by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank's stock valued at $382,000 after purchasing an additional 474 shares in the last quarter. Institutional investors and hedge funds own 34.95% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of First Community Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th.

About First Community Bancshares

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.