First Community Bancshares Inc to Issue Special Dividend of $0.48 (FCBC)

First Community Bancshares Inc (NASDAQ:FCBC) announced a special dividend on Wednesday, February 28th, Wall Street Journal reports. Shareholders of record on Friday, March 9th will be paid a dividend of 0.48 per share by the bank on Friday, March 23rd. This represents a yield of 2.65%. The ex-dividend date is Thursday, March 8th.

NASDAQ:FCBC traded down $0.49 during mid-day trading on Thursday, reaching $29.85. 41,956 shares of the company were exchanged, compared to its average volume of 29,257. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.14. First Community Bancshares has a 12 month low of $24.02 and a 12 month high of $32.24. The firm has a market cap of $505.82, a P/E ratio of 24.36 and a beta of 0.68.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $29.68 million for the quarter. First Community Bancshares had a net margin of 17.67% and a return on equity of 8.05%.

FCBC has been the subject of a number of research reports. BidaskClub raised First Community Bancshares from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Sandler O’Neill reissued a “hold” rating and issued a $30.00 target price on shares of First Community Bancshares in a research note on Thursday, January 25th.

In other First Community Bancshares news, CFO David D. Brown sold 965 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $29.51, for a total transaction of $28,477.15. Following the completion of the sale, the chief financial officer now owns 9,636 shares of the company’s stock, valued at approximately $284,358.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Gary R. Mills bought 1,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were purchased at an average cost of $29.30 per share, with a total value of $29,300.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,400 shares of company stock valued at $40,275 in the last ninety days. Insiders own 3.41% of the company’s stock.

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About First Community Bancshares

First Community Bancshares, Inc is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Bank operates as First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a Division of First Community Bank, in Tennessee.

Dividend History for First Community Bancshares (NASDAQ:FCBC)

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