First National (FXNC) Stock Price, News & Analysis

Company Overview

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. Its loan products comprise construction loans, including residential, land acquisition, and development loans; 1-4 family residential real estate loans; and commercial real estate loans that are secured by commercial real estate, including multi-family residential buildings, office and retail buildings, hotels, industrial buildings, and religious facilities. In addition, the company's loan products include commercial and industrial loans that are secured by business assets, such as accounts receivable, equipment, and inventory; home equity loans; and secured and unsecured consumer loans, such as lines of credit, automobile loans, deposit account loans, and installment and demand loans. Further, it provides wealth management services, including estate planning, investment management of assets, trustee under an agreement, trustee under a will, and estate settlement. Additionally, the company offers title insurance and investment services; and holds other real estate owned and office sites, as well as provides internet and mobile banking, remote deposit capture, and other traditional banking services. First National Corporation was founded in 1907 and is headquartered in Strasburg, Virginia.

Key Stats

• Today's Range: $24.80 to $25.08
• 50-Day Range: $18.43 to $25.75
• 52-Week Range: $14.50 to $26.00
• Volume: 16,088 shs
• Average Volume: 7,172 shs
• Market Capitalization: $223.89 million
• P/E Ratio: 22.29
• Dividend Yield: 2.48%
• Price Target: $21.50
• Consensus Rating: Moderate Buy

First National Stock Analysis - MarketRank™

First National scored higher than 48% of companies evaluated by MarketBeat, and ranked 662nd out of 959 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

First National has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

First National has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 20.97%

Earnings Growth

Earnings for First National are expected to grow by 20.97% in the coming year, from $1.86 to $2.25 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First National is 22.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of First National is 22.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.04.

Price to Book Value per Share Ratio

First National has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.10% of the float of First National has been sold short.

Short Interest Ratio / Days to Cover

First National has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First National has recently increased by 10.45%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

First National pays a meaningful dividend of 2.45%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

First National does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of First National is 55.36%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, First National will have a dividend payout ratio of 27.56% next year. This indicates that First National will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.10% of the float of First National has been sold short.

Short Interest Ratio / Days to Cover

First National has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First National has recently increased by 10.45%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: N/A

News Sentiment

First National has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for First National this week, compared to 2 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, First National insiders have not sold or bought any company stock.

Percentage Held by Insiders

17.80% of the stock of First National is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 33.92% of the stock of First National is held by institutions.

FXNC Stock Analysis - Frequently Asked Questions

How have FXNC shares performed this year?

First National's stock was trading at $21.75 at the start of the year. Since then, FXNC stock has increased by 14.6% and is now trading at $24.92.
View the best growth stocks for 2024 here.

How were First National's earnings last quarter?

First National Co. (NASDAQ:FXNC) posted its quarterly earnings data on Friday, November, 1st. The company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $20.65 million for the quarter, compared to the consensus estimate of $14.40 million. First National had a trailing twelve-month return on equity of 6.52% and a net margin of 8.91%.

Who are First National's major shareholders?

Top institutional shareholders of First National include Fourthstone LLC (9.99%), Banc Funds Co. LLC (2.74%), Geode Capital Management LLC (0.80%) and De Lisle Partners LLP (0.57%). Insiders that own company stock include James R Wilkins III, Scott C Harvard, George Edwin Holt III, Kirtesh Patel, Gerald F Smith Jr and Boyce E Brannock.
View institutional ownership trends.

How do I buy shares of First National?

Shares of FXNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of First National own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First National investors own include Broadcom (AVGO), NVIDIA (NVDA), Arista Networks (ANET), Jabil (JBL), e.l.f. Beauty (ELF), Disc Medicine (IRON) and Adobe (ADBE).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/20/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 11/01/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Dividend Payable: 12/13/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:FXNC
• CUSIP: N/A
• CIK: 719402
• Web: www.fbvirginia.com
• Phone: (540) 465-9121
• Fax: 540-465-5946
• Employees: 210
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $21.50
• High Stock Price Target: $22.00
• Low Stock Price Target: $21.00
• Potential Upside/Downside: -13.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.12
• Trailing P/E Ratio: 22.21
• Forward P/E Ratio: 13.38
• P/E Growth: N/A
• Net Income: $9.62 million
• Net Margins: 8.91%
• Pretax Margin: 11.06%
• Return on Equity: 6.52%
• Return on Assets: 0.54%

Debt

• Debt-to-Equity Ratio: 0.11
• Current Ratio: 0.85
• Quick Ratio: 0.85

Sales & Book Value

• Annual Sales: $56.42 million
• Price / Sales: 3.96
• Cash Flow: $1.78 per share
• Price / Cash Flow: 13.99
• Book Value: $18.57 per share
• Price / Book: 1.34

Miscellaneous

• Outstanding Shares: 8,970,000
• Free Float: 7,492,000
• Market Cap: $223.17 million
• Optionable: Not Optionable
• Beta: 0.53