First Community Bankshares, Inc. Declares Quarterly Dividend of $0.29 (NASDAQ:FCBC)

First Community Bankshares, Inc. (NASDAQ:FCBC - Get Free Report) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Friday, May 10th will be paid a dividend of 0.29 per share by the bank on Friday, May 24th. This represents a $1.16 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Thursday, May 9th.

First Community Bankshares has increased its dividend payment by an average of 5.1% per year over the last three years. First Community Bankshares has a payout ratio of 50.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Community Bankshares to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 50.9%.

First Community Bankshares Stock Performance

NASDAQ:FCBC traded down $0.25 during trading hours on Thursday, reaching $33.49. The stock had a trading volume of 31,065 shares, compared to its average volume of 31,508. The stock has a 50 day simple moving average of $32.83 and a 200 day simple moving average of $33.83. First Community Bankshares has a 12-month low of $22.55 and a 12-month high of $39.23. The stock has a market cap of $618.56 million, a P/E ratio of 12.18 and a beta of 0.52.

First Community Bankshares (NASDAQ:FCBC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $42.53 million during the quarter, compared to analysts' expectations of $41.98 million. First Community Bankshares had a return on equity of 11.09% and a net margin of 27.10%. On average, equities analysts expect that First Community Bankshares will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut First Community Bankshares from a "hold" rating to a "sell" rating in a research report on Friday, April 19th.

About First Community Bankshares

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.