First Community Bankshares, Inc. (NASDAQ:FCBC) to Issue Quarterly Dividend of $0.29

First Community Bankshares, Inc. (NASDAQ:FCBC) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.29 per share by the bank on Friday, May 24th. This represents a $1.16 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Thursday, May 9th.

First Community Bankshares has raised its dividend by an average of 5.1% per year over the last three years. First Community Bankshares has a payout ratio of 50.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Community Bankshares to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 50.9%.

First Community Bankshares Stock Performance

NASDAQ:FCBC opened at $33.74 on Thursday. The company has a market capitalization of $623.18 million, a P/E ratio of 12.45 and a beta of 0.52. The stock’s 50 day moving average price is $32.80 and its 200 day moving average price is $33.83. First Community Bankshares has a 52 week low of $22.55 and a 52 week high of $39.23.

First Community Bankshares (NASDAQ:FCBC) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $42.53 million for the quarter, compared to analyst estimates of $41.98 million. First Community Bankshares had a net margin of 27.10% and a return on equity of 11.09%. As a group, sell-side analysts forecast that First Community Bankshares will post 2.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of First Community Bankshares from a “hold” rating to a “sell” rating in a research report on Friday, April 19th.

About First Community Bankshares

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans; and commercial, consumer real estate, and consumer and other loans.