First Community Bankshares, Inc. Announces Quarterly Dividend of $0.31

First Community Bankshares, Inc. (NASDAQ:FCBC) announced its intent to issue a quarterly dividend on January 28th. The bank's board declared a payment of $0.31 per share, which will be disbursed to investors of record on February 14th, with payment scheduled for February 28th. This dividend indicates an annual payout of $1.24, yielding 2.93% based on the current share price.

Over the past three years, First Community Bankshares has consistently increased its dividend by an average of 4.9% annually. Furthermore, the bank maintains a payout ratio of 45.8%, suggesting that its dividend payments are well-supported by its earnings.

Stock Performance Overview

During trading on Tuesday, First Community Bankshares' shares traded down by $0.03, reaching a price of $42.39 per share. A total of 16,504 shares were traded, below the average volume of 36,024 shares. The company has a market capitalization of $775.31 million, a price-to-earnings (P/E) ratio of 15.19, and a beta of 0.58. Notably, the stock has experienced a yearly range with a low of $31.00 and a high of $49.02. The 50-day moving average stands at $43.20, while the 200-day moving average is $42.98.

First Community Bankshares released its quarterly earnings report on the same date as the dividend announcement. The bank reported earnings of $0.71 per share for the quarter, with a return on equity of 10.70% and a net margin of 27.18%.

Insider Trading Activity

In recent insider trading news, CFO David D. Brown sold 2,520 shares of the company's stock on November 12th, receiving an average price of $48.00 per share, totalling $120,960. Post-sale, Brown holds 12,676 shares valued at approximately $608,448, representing a reduction of 16.58% in his stock ownership. This sale has been documented in a legal filing with the SEC. Additionally, senior vice president Jason R. Belcher sold 6,384 shares on November 8th for an average of $46.49 per share, totaling $296,792.16. Following this transaction, Belcher owns 15,317 shares worth about $712,087.33, indicating a 29.42% decrease in his shareholding. Currently, insiders own 3.67% of First Community Bankshares stock.

Company Overview

First Community Bankshares, Inc. operates as a financial holding company for First Community Bank, which offers a variety of banking products and services. These include demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans, as well as a range of loans including commercial, consumer real estate, and personal loans.

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Dividend, Investment, Finance