James R. Wilkins III Acquires 886 Shares of First National Co. (NASDAQ:FXNC) Stock

First National Co. (NASDAQ:FXNC) Director James R. Wilkins III purchased 886 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was acquired at an average cost of $14.95 per share, for a total transaction of $13,245.70. Following the completion of the purchase, the director now owns 298,429 shares of the company’s stock, valued at approximately $4,461,513.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

First National Price Performance

Shares of NASDAQ FXNC opened at $15.17 on Friday. The firm has a market capitalization of $95.27 million, a P/E ratio of 10.61 and a beta of 0.51. The firm’s 50-day moving average price is $15.29 and its 200-day moving average price is $17.66. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.12. First National Co. has a 1-year low of $14.50 and a 1-year high of $21.75.

First National (NASDAQ:FXNC) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. First National had a return on equity of 7.83% and a net margin of 12.21%. The business had revenue of $14.90 million for the quarter, compared to the consensus estimate of $13.70 million. Equities research analysts anticipate that First National Co. will post 1.85 earnings per share for the current fiscal year.

First National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, May 23rd. First National’s dividend payout ratio (DPR) is presently 41.96%.

Institutional Investors Weigh In On First National

A hedge fund recently raised its stake in First National stock. Cutler Capital Management LLC boosted its position in First National Co. (NASDAQ:FXNC) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 202,745 shares of the company’s stock after purchasing an additional 1,034 shares during the period. First National comprises approximately 1.8% of Cutler Capital Management LLC’s portfolio, making the stock its 20th biggest holding. Cutler Capital Management LLC owned 3.24% of First National worth $4,410,000 at the end of the most recent reporting period. 33.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered shares of First National from a “b-” rating to a “c+” rating in a research note on Monday, March 18th.

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.