First Community Bancshares, Inc. (NASDAQ:FCBC) Plans Quarterly Dividend of $0.33

First Community Bancshares, Inc. (NASDAQ:FCBC) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.33 per share by the bank on Friday, November 27th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, November 13th.

First Community Bancshares has increased its dividend by an average of 0.3% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. First Community Bancshares has a dividend payout ratio of 49.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Community Bancshares to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 42.6%.

First Community Bancshares Price Performance

FCBC stock opened at $47.45 on Wednesday. The firm has a 50-day simple moving average of $48.08 and a two-hundred day simple moving average of $43.58. First Community Bancshares has a one year low of $31.21 and a one year high of $50.17.

First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, October 27th. The bank reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $48.51 million during the quarter, compared to analysts’ expectations of $47.19 million. Equities research analysts expect that First Community Bancshares will post 3.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Raymond James Financial assumed coverage on shares of First Community Bancshares in a research note on Tuesday, June 30th. They issued a “market perform” rating for the company. Zacks Research raised First Community Bancshares to a “hold” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings raised First Community Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, First Community Bancshares presently has an average rating of “Hold”.

First Community Bancshares Company Profile

First Community Bancshares, Inc is a bank holding company headquartered in Bluefield, Virginia. Its principal subsidiary, First Community Bank, provides community banking services to individuals, families, businesses and organizations.

The bank offers a range of deposit products, including checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential mortgages, home equity loans, consumer loans, commercial and industrial financing, commercial real estate loans and other credit products for businesses and communities.

First Community Bank also provides services such as online and mobile banking, treasury management, investment and wealth management services, and other financial solutions.