First Community Bancshares, Inc. (NASDAQ:FCBC) Stock to Pay Quarterly Dividend of $0.33

First Community Bancshares, Inc. (NASDAQ:FCBC) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.33 per share by the bank on Friday, November 27th. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, November 13th.

First Community Bancshares has increased its dividend payment by an average of 0.3% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. First Community Bancshares has a dividend payout ratio of 49.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Community Bancshares to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 42.6%.

First Community Bancshares Price Performance

NASDAQ FCBC opened at $47.45 on Wednesday. The business has a 50 day simple moving average of $48.08 and a 200 day simple moving average of $43.58. First Community Bancshares has a 52-week low of $31.21 and a 52-week high of $50.17.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, October 27th. The bank reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The company had revenue of $48.51 million during the quarter, compared to the consensus estimate of $47.19 million. Equities analysts expect that First Community Bancshares will post 3.04 earnings per share for the current fiscal year.

Insider Transactions at First Community Bancshares

In other news, President Gary R. Mills sold 3,500 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.67, for a total value of $166,845.00. Following the sale, the president directly owned 5,798 shares of the company’s stock, valued at approximately $276,390.66. This represents a 37.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sarah W. Harmon sold 4,329 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $49.21, for a total transaction of $213,030.09. Following the completion of the sale, the senior vice president owned 8,141 shares of the company’s stock, valued at $400,618.61. This trade represents a 34.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.66% of the company’s stock.

Hedge Funds Weigh In On First Community Bancshares

A number of institutional investors have recently bought and sold shares of FCBC. Fifth Third Wealth Advisors LLC bought a new position in shares of First Community Bancshares in the third quarter valued at about $276,000. Axxcess Wealth Management LLC lifted its stake in shares of First Community Bancshares by 10.4% during the 3rd quarter. Axxcess Wealth Management LLC now owns 18,802 shares of the bank’s stock worth $884,000 after buying an additional 1,767 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of First Community Bancshares by 79.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,407 shares of the bank’s stock worth $66,000 after buying an additional 621 shares during the period. Sax Wealth Advisors LLC bought a new stake in shares of First Community Bancshares during the 3rd quarter worth about $348,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of First Community Bancshares by 333.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,070 shares of the bank’s stock worth $50,000 after buying an additional 823 shares during the period. Institutional investors and hedge funds own 34.95% of the company’s stock.

First Community Bancshares Company Profile

First Community Bancshares, Inc is a bank holding company headquartered in Bluefield, Virginia. Its principal subsidiary, First Community Bank, provides community banking services to individuals, families, businesses and organizations.

The bank offers a range of deposit products, including checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential mortgages, home equity loans, consumer loans, commercial and industrial financing, commercial real estate loans and other credit products for businesses and communities.

First Community Bank also provides services such as online and mobile banking, treasury management, investment and wealth management services, and other financial solutions.