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

First Community Bankshares, Inc. (NASDAQ:FCBC) announced 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 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, May 9th.

First Community Bankshares has increased its dividend payment by an average of 5.1% annually over the last three years. First Community Bankshares has a payout ratio of 50.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of First Community Bankshares stock opened at $35.42 on Wednesday. The stock has a 50 day moving average of $33.14 and a 200 day moving average of $34.08. The firm has a market capitalization of $654.21 million, a price-to-earnings ratio of 13.07 and a beta of 0.52. First Community Bankshares has a fifty-two week low of $23.25 and a fifty-two week high of $39.23.

Analysts Set New Price Targets

Separately, StockNews.com upgraded First Community Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, April 27th.

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.