First Community Bancshares, Inc. (FCBC) Plans Quarterly Dividend of $0.18
First Community Bancshares, Inc. (NASDAQ:FCBC) declared a quarterly dividend on Wednesday, July 26th, Wall Street Journal reports. Shareholders of record on Friday, August 4th will be given a dividend of 0.18 per share by the bank on Friday, August 18th. This represents a $0.72 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Wednesday, August 2nd. This is a boost from First Community Bancshares’s previous quarterly dividend of $0.16.
First Community Bancshares (NASDAQ FCBC) traded down 1.37% during trading on Wednesday, reaching $27.43. The company’s stock had a trading volume of 8,561 shares. The firm has a market capitalization of $466.56 million, a price-to-earnings ratio of 18.65 and a beta of 0.71. First Community Bancshares has a 52-week low of $20.47 and a 52-week high of $31.94. The stock’s 50-day moving average is $27.37 and its 200 day moving average is $26.77.
First Community Bancshares (NASDAQ:FCBC) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The business had revenue of $27.77 million for the quarter. First Community Bancshares had a return on equity of 7.46% and a net margin of 21.17%. On average, analysts predict that First Community Bancshares will post $1.55 EPS for the current fiscal year.
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In related news, President Gary R. Mills acquired 1,000 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were acquired at an average price of $25.98 per share, with a total value of $25,980.00. Following the acquisition, the president now owns 16,533 shares in the company, valued at approximately $429,527.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have bought 1,200 shares of company stock worth $31,125. 3.33% of the stock is currently owned by insiders.
FCBC has been the topic of a number of analyst reports. BidaskClub lowered First Community Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday. Keefe, Bruyette & Woods set a $27.00 price objective on First Community Bancshares and gave the company a “hold” rating in a report on Tuesday, April 4th.
About First Community Bancshares
First Community Bancshares, Inc is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Bank operates as First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a Division of First Community Bank, in Tennessee.
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