First National Co. (NASDAQ:FXNC – Get Free Report) Director James R. Wilkins III purchased 800 shares of First National stock in a transaction that occurred on Thursday, June 20th. The stock was purchased at an average price of $15.15 per share, with a total value of $12,120.00. Following the transaction, the director now owns 297,543 shares in the company, valued at approximately $4,507,776.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
First National Stock Up 1.9 %
FXNC stock opened at $15.24 on Thursday. The company has a market cap of $95.71 million, a price-to-earnings ratio of 10.66 and a beta of 0.51. The company has a 50 day moving average of $15.28 and a two-hundred day moving average of $17.68. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.12. 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 released its quarterly earnings results on Tuesday, April 30th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $14.90 million for the quarter, compared to the consensus estimate of $13.70 million. First National had a net margin of 12.21% and a return on equity of 7.83%. On average, equities analysts anticipate that First National Co. will post 1.85 earnings per share for the current fiscal year.
First National Dividend Announcement
Institutional Inflows and Outflows
An institutional investor recently raised its position in First National stock. Empowered Funds LLC boosted its position in First National Co. (NASDAQ:FXNC – Free Report) by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,960 shares of the company’s stock after buying an additional 875 shares during the quarter. Empowered Funds LLC owned approximately 0.19% of First National worth $194,000 at the end of the most recent reporting period. 33.92% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, TheStreet downgraded shares of First National from a “b-” rating to a “c+” rating in a research report on Monday, March 18th.
View Our Latest Research Report on First National
First National Company Profile
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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