First Community Bancshares, Inc. (FCBC) to Issue Quarterly Dividend of $0.33 on August 21st

First Community Bancshares, Inc. (NASDAQ:FCBC) announced a quarterly dividend on Tuesday, July 21st. Stockholders 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) annualized dividend and a dividend yield of 2.8%. 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 increased 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 5.1%

NASDAQ FCBC opened at $46.91 on Thursday. The company’s 50-day moving average price is $43.65 and its 200-day moving average price is $40.98. The stock has a market cap of $885.19 million, a PE ratio of 14.80 and a beta of 0.48. First Community Bancshares has a 12 month low of $31.21 and a 12 month high of $47.50.

First Community Bancshares (NASDAQ:FCBC) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $92.09 million during the quarter, compared to analyst estimates of $51.20 million. First Community Bancshares had a net margin of 28.84% and a return on equity of 10.82%. As a group, sell-side analysts forecast that First Community Bancshares will post 2.95 earnings per share for the current year.

Hedge Funds Weigh In On First Community Bancshares

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in First Community Bancshares by 122.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 97,773 shares of the bank’s stock worth $3,298,000 after buying an additional 53,804 shares during the last quarter. Two Sigma Investments LP purchased a new stake in First Community Bancshares in the third quarter valued at approximately $1,366,000. Vanguard Group Inc. boosted its position in First Community Bancshares by 3.3% in the third quarter. Vanguard Group Inc. now owns 1,052,046 shares of the bank’s stock valued at $36,611,000 after buying an additional 33,184 shares during the last quarter. AQR Capital Management LLC increased its holdings in First Community Bancshares by 51.8% in the 4th quarter. AQR Capital Management LLC now owns 76,204 shares of the bank’s stock worth $2,570,000 after buying an additional 25,990 shares during the period. Finally, Jane Street Group LLC purchased a new position in First Community Bancshares during the 1st quarter worth approximately $976,000. Institutional investors own 34.95% of the company’s stock.

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.