First Community Bankshares (NASDAQ:FCBC) Issues Quarterly Earnings Results

First Community Bankshares (NASDAQ:FCBC) issued its quarterly earnings data on Tuesday. The bank reported $0.71 EPS for the quarter, Zacks reports. First Community Bankshares had a net margin of 27.18% and a return on equity of 10.70%.

First Community Bankshares Price Performance

FCBC stock opened at $42.39 on Wednesday. The stock has a market capitalization of $775.36 million, a PE ratio of 15.19 and a beta of 0.58. The company has a 50 day moving average price of $43.15 and a 200 day moving average price of $43.01. First Community Bankshares has a fifty-two week low of $31.00 and a fifty-two week high of $49.02.

First Community Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.93%. First Community Bankshares’s dividend payout ratio is currently 44.44%.

Insider Activity

In other First Community Bankshares news, SVP Jason R. Belcher sold 6,384 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $46.49, for a total value of $296,792.16. Following the completion of the sale, the senior vice president now owns 15,317 shares of the company’s stock, valued at approximately $712,087.33. This represents a 29.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David D. Brown sold 2,520 shares of First Community Bankshares stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total transaction of $120,960.00. Following the transaction, the chief financial officer now directly owns 12,676 shares in the company, valued at approximately $608,448. This represents a 16.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.67% of the company’s stock.

First Community Bankshares Company Profile

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.