First National Co. (NASDAQ:FXNC - Get Free Report) Director James R. Wilkins III acquired 2,000 shares of the firm's stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average cost of $15.34 per share, for a total transaction of $30,680.00. Following the acquisition, the director now owns 294,743 shares of the company's stock, valued at approximately $4,521,357.62. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
First National Stock Performance
Shares of FXNC opened at $15.51 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.12. The stock has a market cap of $97.40 million, a P/E ratio of 10.85 and a beta of 0.51. The company has a 50-day moving average of $15.31 and a two-hundred day moving average of $17.88. First National Co. has a 12-month low of $14.50 and a 12-month high of $21.75.
First National (NASDAQ:FXNC - Get Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.08. The company had revenue of $14.90 million during the quarter, compared to analysts' expectations of $13.70 million. First National had a net margin of 12.21% and a return on equity of 7.83%. As a group, research analysts predict that First National Co. will post 1.85 EPS for the current fiscal year.
First National Dividend Announcement
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The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Thursday, May 23rd. First National's payout ratio is currently 41.96%.
Analyst Ratings Changes
Separately, TheStreet downgraded shares of First National from a "b-" rating to a "c+" rating in a report on Monday, March 18th.
Check Out Our Latest Research Report on First National
Hedge Funds Weigh In On First National
A hedge fund recently raised its stake in First National stock. Cutler Capital Management LLC increased its position in First National Co. (NASDAQ:FXNC - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,745 shares of the company's stock after buying an additional 1,034 shares during the period. First National comprises 1.8% of Cutler Capital Management LLC's portfolio, making the stock its 20th largest holding. Cutler Capital Management LLC owned approximately 3.24% of First National worth $4,410,000 at the end of the most recent quarter. 33.92% of the stock is owned by hedge funds and other institutional investors.
About First National
(
Get Free Report)
First National Corporation operates as the bank holding company for First Bank that provides various commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia. The company's deposit products include checking, savings, money market, and individual retirement accounts, as well as certificates of deposit and treasury management solutions.
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