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

First Community Bankshares, Inc. (NASDAQ:FCBC) declared 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% annually over the last three years. First Community Bankshares has a payout ratio of 50.9% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

NASDAQ:FCBC opened at $33.74 on Thursday. The firm has a 50-day moving average of $32.80 and a two-hundred day moving average of $33.83. The stock has a market cap of $623.18 million, a P/E ratio of 12.45 and a beta of 0.52. First Community Bankshares has a 1-year low of $22.55 and a 1-year high of $39.23.

First Community Bankshares (NASDAQ:FCBC) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. First Community Bankshares had a return on equity of 11.09% and a net margin of 27.10%. The firm had revenue of $42.53 million during the quarter, compared to the consensus estimate of $41.98 million. As a group, equities analysts expect that First Community Bankshares will post 2.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut First Community Bankshares from a “hold” rating to a “sell” rating in a research note 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.