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

First Community Bancshares, Inc. (NASDAQ:FCBC - Get Free Report) announced a quarterly dividend on Tuesday, July 22nd, Wall Street Journal reports. Shareholders of record on Friday, August 8th will be given 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 dividend payout ratio of 46.3% indicating that its dividend is sufficiently covered by earnings.

First Community Bancshares Trading Down 0.9%

Shares of NASDAQ:FCBC traded down $0.36 during midday trading on Friday, hitting $39.29. 11,740 shares of the stock were exchanged, compared to its average volume of 44,321. The stock has a market cap of $718.18 million, a P/E ratio of 14.39 and a beta of 0.60. First Community Bancshares has a twelve month low of $33.88 and a twelve month high of $49.02. The company has a 50 day moving average price of $39.11 and a 200-day moving average price of $39.55.

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

Hedge Funds Weigh In On First Community Bancshares

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of First Community Bancshares during the 1st quarter valued at approximately $976,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of First Community Bancshares by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank's stock valued at $382,000 after acquiring an additional 474 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of First Community Bancshares by 87.3% during the 1st quarter. AQR Capital Management LLC now owns 18,145 shares of the bank's stock valued at $684,000 after acquiring an additional 8,457 shares in the last quarter. 34.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen lowered First Community Bancshares from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

First Community Bancshares 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.