First Community Bancshares, Inc. (NASDAQ:FCBC) to Issue Quarterly Dividend of $0.31

First Community Bancshares, Inc. (NASDAQ:FCBC) announced a quarterly dividend on Tuesday, July 22nd, Wall Street Journal reports. Shareholders of record on Friday, August 8th will be given a dividend of 0.31 per share by the bank on Friday, August 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, August 8th.

First Community Bancshares has a dividend payout ratio of 46.3% meaning its dividend is sufficiently covered by earnings.

First Community Bancshares Trading Up 0.1%

First Community Bancshares stock opened at $40.68 on Thursday. The firm has a market cap of $743.63 million, a price-to-earnings ratio of 14.90 and a beta of 0.60. The stock has a fifty day simple moving average of $39.12 and a two-hundred day simple moving average of $39.56. First Community Bancshares has a 12 month low of $33.88 and a 12 month high of $49.02.

First Community Bancshares (NASDAQ:FCBC) last released its earnings results on Tuesday, July 22nd. The bank reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $41.00 million for the quarter, compared to the consensus estimate of $40.60 million. First Community Bancshares had a return on equity of 9.62% and a net margin of 27.07%.

Institutional Investors Weigh In On First Community Bancshares

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of First Community Bancshares by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after purchasing an additional 474 shares during the period. AQR Capital Management LLC boosted its holdings in shares of First Community Bancshares by 87.3% in the first quarter. AQR Capital Management LLC now owns 18,145 shares of the bank’s stock valued at $684,000 after purchasing an additional 8,457 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of First Community Bancshares in the first quarter valued at approximately $976,000. 34.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut First Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th.

About First Community Bancshares

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.