First Community Bancshares, Inc. (NASDAQ:FCBC) Declares $1.00 Special Dividend

First Community Bancshares, Inc. (NASDAQ:FCBC) declared a special dividend on Tuesday, December 16th. Stockholders of record on Friday, January 2nd will be paid a dividend of 1.00 per share by the bank on Friday, January 16th. The ex-dividend date of this dividend is Friday, January 2nd.

First Community Bancshares has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 13 years. First Community Bancshares has a payout ratio of 46.3% meaning its dividend is sufficiently covered by earnings.

First Community Bancshares Stock Up 1.9%

Shares of First Community Bancshares stock traded up $0.66 on Wednesday, reaching $35.84. The company’s stock had a trading volume of 5,099 shares, compared to its average volume of 42,910. The stock has a 50-day moving average price of $33.12 and a 200-day moving average price of $36.12. The company has a market capitalization of $656.50 million, a P/E ratio of 13.32 and a beta of 0.61. First Community Bancshares has a 52-week low of $31.21 and a 52-week high of $46.12.

First Community Bancshares (NASDAQ:FCBC) last posted its quarterly earnings data on Tuesday, October 28th. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. First Community Bancshares had a return on equity of 9.82% and a net margin of 26.76%.The company had revenue of $42.19 million during the quarter, compared to analyst estimates of $40.40 million.

Institutional Trading of First Community Bancshares

A number of hedge funds have recently added to or reduced their stakes in FCBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in First Community Bancshares by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,124 shares of the bank’s stock valued at $382,000 after buying an additional 474 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of First Community Bancshares by 10.5% in the second quarter. Osaic Holdings Inc. now owns 5,265 shares of the bank’s stock valued at $206,000 after acquiring an additional 499 shares in the last quarter. Aquatic Capital Management LLC lifted its position in shares of First Community Bancshares by 78.0% in the third quarter. Aquatic Capital Management LLC now owns 1,143 shares of the bank’s stock valued at $40,000 after acquiring an additional 501 shares in the last quarter. City Holding Co. increased its position in First Community Bancshares by 98.5% during the 3rd quarter. City Holding Co. now owns 1,042 shares of the bank’s stock worth $36,000 after purchasing an additional 517 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in First Community Bancshares by 56.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,608 shares of the bank’s stock valued at $63,000 after purchasing an additional 577 shares during the last quarter. 34.95% of the stock is owned by institutional investors and hedge funds.

First Community Bancshares 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.