First Community Bancshares, Inc. (FCBC) to Distribute Quarterly Dividend of $0.33 on August 21st

First Community Bancshares, Inc. (NASDAQ:FCBC) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, August 7th will be paid a dividend of 0.33 per share by the bank on Friday, August 21st. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 7th. This is a 6.5% increase from First Community Bancshares’s previous quarterly dividend of $0.31.

First Community Bancshares has raised its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 13 years. First Community Bancshares has a payout ratio of 49.3% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 2.2%

Shares of NASDAQ:FCBC opened at $48.96 on Wednesday. The company has a market capitalization of $923.88 million, a PE ratio of 15.44 and a beta of 0.48. First Community Bancshares has a 12-month low of $31.21 and a 12-month high of $49.35. The business’s fifty day simple moving average is $44.70 and its 200-day simple moving average is $41.94.

First Community Bancshares (NASDAQ:FCBC) last posted its earnings results on Tuesday, July 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $92.09 million for the quarter, compared to analyst estimates of $51.20 million. First Community Bancshares had a return on equity of 10.82% and a net margin of 28.84%. Research analysts predict that First Community Bancshares will post 3.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FCBC shares. Weiss Ratings reissued a “buy (b-)” rating on shares of First Community Bancshares in a research report on Thursday, June 18th. Zacks Research raised shares of First Community Bancshares to a “hold” rating in a research report on Wednesday, July 1st. Finally, Raymond James Financial started coverage on shares of First Community Bancshares in a research note on Tuesday, June 30th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, First Community Bancshares has a consensus rating of “Hold”.

First Community Bancshares Company Profile

First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.

The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.