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

First Community Bancshares, Inc. (NASDAQ:FCBC) declared a quarterly dividend on Tuesday, July 21st. Shareholders 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 yield of 3.0%. The ex-dividend date of this dividend 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 by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 13 years. First Community Bancshares has a dividend payout ratio of 46.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NASDAQ FCBC opened at $44.63 on Wednesday. The firm’s 50 day moving average price is $43.54 and its two-hundred day moving average price is $40.88. First Community Bancshares has a twelve month low of $31.21 and a twelve month high of $45.84. The stock has a market cap of $842.17 million, a price-to-earnings ratio of 16.84 and a beta of 0.48.

First Community Bancshares (NASDAQ:FCBC) last issued its earnings results on Tuesday, July 21st. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. First Community Bancshares had a return on equity of 10.44% and a net margin of 25.89%.The business had revenue of $92.09 million during the quarter, compared to analysts’ expectations of $51.20 million. On average, research analysts forecast that First Community Bancshares will post 2.95 EPS for the current fiscal year.

About First Community Bancshares

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.