First Community Bancshares, Inc. (NASDAQ:FCBC) Increases Dividend to $0.33 Per Share

First Community Bancshares, Inc. (NASDAQ:FCBC) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, August 7th will be given a dividend of 0.33 per share by the bank on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, August 7th. This is a 6.5% increase from First Community Bancshares’s previous quarterly dividend of $0.31.

First Community Bancshares has raised its dividend payment 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 46.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Community Bancshares to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 40.7%.

First Community Bancshares Price Performance

Shares of FCBC opened at $44.63 on Wednesday. The company has a market capitalization of $842.17 million, a PE ratio of 16.84 and a beta of 0.48. First Community Bancshares has a one year low of $31.21 and a one year high of $45.84. The company’s fifty day moving average price is $43.54 and its 200 day moving average price is $40.88.

First Community Bancshares (NASDAQ:FCBC) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The company had revenue of $92.09 million during the quarter, compared to analysts’ expectations of $51.20 million. First Community Bancshares had a net margin of 25.89% and a return on equity of 10.44%. Analysts anticipate that First Community Bancshares will post 2.95 earnings per share for the current year.

First Community Bancshares Company Profile

First Community Bancshares, Inc (NASDAQ: FCBC) is a bank holding company headquartered in Mebane, North Carolina, that delivers banking and financial services through its wholly owned subsidiary, First Community Bank. The company’s core focus is on relationship-driven community banking, offering clients a blend of personalized service and competitive digital banking capabilities. It serves a diverse clientele that includes individuals, families, small and mid-sized businesses, nonprofit organizations and professional practices.

The bank provides a broad spectrum of deposit products, such as checking, savings, money market and certificate of deposit accounts, alongside treasury management and payment processing solutions.