First Community Bankshares, Inc. Declares $0.31 Quarterly Dividend

First Community Bankshares, Inc. (NASDAQ:FCBC) has announced a quarterly dividend of $0.31 per share, as reported on Tuesday, January 28th. Shareholders who are on record by Friday, February 14th, will receive their dividends on Friday, February 28th. This dividend translates to an annual payout of $1.24, yielding approximately 2.93%.

Over the past three years, First Community Bankshares has raised its dividend at an average rate of 4.9% annually. The bank's current payout ratio stands at 45.8%, signaling that its dividends are well supported by its earnings.

First Community Bankshares Price Performance

On Tuesday, shares of NASDAQ:FCBC dipped by $0.03, closing at $42.39. During the trading day, 16,504 shares were traded, in comparison to the average volume of 36,024 shares. The market capitalization for First Community Bankshares is about $775.31 million, with a P/E ratio of 15.19 and a beta of 0.58. Over the past year, the stock has experienced a low of $31.00 and peaked at $49.02. Its 50-day and 200-day moving averages are $43.20 and $42.98, respectively.

First Community Bankshares reported its quarterly earnings on the same day as the dividend announcement, posting an earnings per share (EPS) of $0.71. The bank recorded a return on equity of 10.70% and a net profit margin of 27.18%.

Insider Transactions at First Community Bankshares

In related insider news, Chief Financial Officer David D. Brown divested 2,520 shares on November 12th, selling them at an average price of $48.00 for a total of $120,960. Post-transaction, he retains ownership of 12,676 shares worth approximately $608,448, reflecting a 16.58% decrease in his stakes. Additionally, Senior Vice President Jason R. Belcher sold 6,384 shares on November 8th at an average price of $46.49, amounting to $296,792.16. After this sale, Belcher owns 15,317 shares valued at $712,087.33, showing a 29.42% drop in his holdings. Insider ownership currently comprises 3.67% of the stock.

About First Community Bankshares

First Community Bankshares, Inc. operates as the financial holding company for First Community Bank, offering a range of banking products and services. These include demand deposit accounts, savings and money market accounts, certificates of deposit, and retirement plans, alongside commercial and consumer lending options.

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Dividend, Earnings, Finance