First Community Bancshares (NASDAQ:FCBC) Posts Earnings Results, Beats Expectations By $0.01 EPS

First Community Bancshares (NASDAQ:FCBC) posted its quarterly earnings data on Tuesday. The bank reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01, FiscalAI reports. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.67%. The business had revenue of $48.51 million during the quarter, compared to the consensus estimate of $47.19 million.

First Community Bancshares Price Performance

FCBC traded up $0.15 during midday trading on Thursday, reaching $47.11. 30,284 shares of the company’s stock traded hands, compared to its average volume of 86,400. The stock has a market capitalization of $890.93 million, a price-to-earnings ratio of 14.86 and a beta of 0.49. The firm has a fifty day moving average of $48.03 and a two-hundred day moving average of $43.65. First Community Bancshares has a 52 week low of $31.21 and a 52 week high of $50.17.

First Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, November 13th. First Community Bancshares’s payout ratio is currently 41.64%.

Insiders Place Their Bets

In other First Community Bancshares news, SVP Sarah W. Harmon sold 4,329 shares of the stock in a transaction on Friday, August 21st. The stock was 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 owned 8,141 shares in the company, valued at approximately $400,618.61. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Zacks Research upgraded First Community Bancshares to a “hold” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.