First National (FXNC) to Release Quarterly Earnings on Thursday

First National (NASDAQ:FXNC - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, February 6th. Analysts expect First National to post earnings of ($0.03) per share and revenue of $21.10 million for the quarter.

First National (NASDAQ:FXNC - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $20.65 million for the quarter, compared to analysts' expectations of $14.40 million. First National had a return on equity of 6.52% and a net margin of 8.91%. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, analysts expect First National to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First National Trading Up 1.4 %

Shares of NASDAQ:FXNC traded up $0.36 during trading on Thursday, hitting $25.34. The company had a trading volume of 4,086 shares, compared to its average volume of 14,422. The stock has a market cap of $227.30 million, a price-to-earnings ratio of 22.63 and a beta of 0.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.85. The company has a fifty day simple moving average of $24.09 and a two-hundred day simple moving average of $20.52. First National has a one year low of $14.50 and a one year high of $26.00.

First National Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.155 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.62 annualized dividend and a dividend yield of 2.45%. This is an increase from First National's previous quarterly dividend of $0.15. First National's dividend payout ratio is currently 55.36%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Hovde Group began coverage on First National in a report on Tuesday, October 8th. They issued an "outperform" rating and a $22.00 price target on the stock. Janney Montgomery Scott lowered shares of First National from a "buy" rating to a "neutral" rating in a research note on Wednesday, December 4th.

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.