First Community Bancshares (NASDAQ:FCBC) announced a quarterly dividend on Wednesday, April 25th, Wall Street Journal reports. Shareholders of record on Friday, May 4th will be paid a dividend of 0.18 per share by the bank on Friday, May 18th. This represents a $0.72 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, May 3rd.
Shares of FCBC opened at $33.76 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $568.18 million, a price-to-earnings ratio of 18.93 and a beta of 0.59. First Community Bancshares has a 52 week low of $33.03 and a 52 week high of $33.17.
First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, April 24th. The bank reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. First Community Bancshares had a return on equity of 8.80% and a net margin of 19.46%. The business had revenue of $29.48 million during the quarter.
FCBC has been the subject of several research analyst reports. BidaskClub upgraded First Community Bancshares from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. Sandler O’Neill reiterated a “hold” rating and set a $30.00 target price on shares of First Community Bancshares in a research report on Thursday, January 25th.
In related news, CFO David D. Brown sold 965 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 9,636 shares of the company’s stock, valued at $284,358.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Gary R. Mills purchased 1,000 shares of the company’s stock in a transaction that occurred on 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. Company insiders own 3.41% of the company’s stock.
About First Community Bancshares
First Community Bancshares, Inc operates as the holding company for First Community Bank that provides various commercial banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services.
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