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

First Community Bankshares (NASDAQ:FCBC) announced its quarterly earnings results on Tuesday. The bank reported $0.71 earnings per share 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 Trading Down 0.1 %

FCBC stock opened at $42.39 on Wednesday. The stock has a 50-day moving average price of $43.15 and a two-hundred day moving average price of $43.01. First Community Bankshares has a 1 year low of $31.00 and a 1 year high of $49.02. The stock has a market cap of $775.36 million, a PE ratio of 15.19 and a beta of 0.58.

First Community Bankshares Announces Dividend

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

Insider Activity

In other First Community Bankshares news, SVP Jason R. Belcher sold 6,384 shares of First Community Bankshares stock in a transaction 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 sale, the senior vice president now directly owns 15,317 shares in the company, valued at approximately $712,087.33. The trade was a 29.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David D. Brown sold 2,520 shares of the stock in a transaction dated 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 owns 12,676 shares of the company’s stock, 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. Corporate 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.