First Community Bancshares, Inc. (FCBC) to Distribute Quarterly Dividend of $0.33 on November 27th

First Community Bancshares, Inc. (NASDAQ:FCBC) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 13th will be given 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 raised its dividend 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 Price Performance

Shares of NASDAQ FCBC opened at $46.96 on Thursday. The stock has a fifty day moving average price of $48.03 and a 200 day moving average price of $43.65. First Community Bancshares has a 1-year low of $31.21 and a 1-year high of $50.17. The company has a market cap of $888.01 million, a PE ratio of 14.81 and a beta of 0.49.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, October 27th. The bank reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.67%. The company had revenue of $48.51 million for the quarter, compared to analysts’ expectations of $47.19 million. Analysts anticipate that First Community Bancshares will post 3.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other First Community Bancshares news, SVP Sarah W. Harmon sold 4,329 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $49.21, for a total value of $213,030.09. Following the completion of the transaction, the senior vice president directly owned 8,141 shares of the company’s stock, valued at approximately $400,618.61. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of First Community Bancshares by 81.0% during the 1st quarter. Renaissance Technologies LLC now owns 55,188 shares of the bank’s stock worth $2,291,000 after purchasing an additional 24,694 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in First Community Bancshares in the 2nd quarter valued at approximately $2,320,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in First Community Bancshares in the 2nd quarter valued at approximately $764,000. BlackRock Inc. acquired a new stake in First Community Bancshares during the 2nd quarter valued at $68,713,000. Finally, Sei Investments Co. grew its holdings in First Community Bancshares by 119.7% during the 1st quarter. Sei Investments Co. now owns 20,373 shares of the bank’s stock valued at $846,000 after buying an additional 11,100 shares during the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.

About First Community Bancshares

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.