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 arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services. The company also provides wealth management services, including trust management, estate administration, and investment advisory services; and investment management services. It serves individuals and businesses across various industries, such as education, government, and health services; coal mining and gas extraction; retail trade; construction; manufacturing; tourism; and transportation. As of December 31, 2021, the company operated 49 branches, including 17 branches in West Virginia, 23 branches in Virginia, 7 branches in North Carolina, and 2 branches in Tennessee. First Community Bankshares, Inc. was founded in 1874 and is headquartered in Bluefield, Virginia.
First Community Bankshares Stock Performance
Shares of NASDAQ:FCBC traded up $0.49 during mid-day trading on Friday, reaching $32.99. 27,837 shares of the company traded hands, compared to its average volume of 26,971. The stock has a market cap of $541.37 million, a PE ratio of 12.79 and a beta of 0.53. The company's fifty day moving average is $29.92 and its two-hundred day moving average is $29.03. First Community Bankshares has a fifty-two week low of $26.51 and a fifty-two week high of $36.73.
First Community Bankshares Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 5th will be issued a dividend of $0.29 per share. This is a positive change from First Community Bankshares's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.52%. First Community Bankshares's dividend payout ratio is currently 44.96%.
Insider Activity at First Community Bankshares
In other First Community Bankshares news, Director Richard Scott Johnson bought 4,413 shares of the firm's stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average price of $26.97 per share, for a total transaction of $119,018.61. Following the purchase, the director now directly owns 28,945 shares in the company, valued at $780,646.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.56% of the stock is owned by corporate insiders.