First National Co. (NASDAQ:FXNC – Get Free Report) CEO Scott C. Harvard purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $14.90 per share, for a total transaction of $14,900.00. Following the completion of the purchase, the chief executive officer now directly owns 69,729 shares of the company’s stock, valued at $1,038,962.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
First National Price Performance
First National stock opened at $15.40 on Friday. The business’s 50-day simple moving average is $16.47 and its 200 day simple moving average is $18.59. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12. The stock has a market cap of $96.71 million, a price-to-earnings ratio of 10.77 and a beta of 0.51. First National Co. has a 12-month low of $13.55 and a 12-month high of $21.75.
First National (NASDAQ:FXNC – Get Free Report) last issued its earnings results on Thursday, February 1st. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.62). The business had revenue of $13.88 million during the quarter, compared to the consensus estimate of $13.60 million. First National had a net margin of 12.21% and a return on equity of 7.90%. As a group, research analysts anticipate that First National Co. will post 1.79 earnings per share for the current year.
First National Dividend Announcement
Wall Street Analyst Weigh In
Separately, TheStreet downgraded First National from a “b-” rating to a “c+” rating in a report on Monday, March 18th.
Check Out Our Latest Stock Analysis on First National
Institutional Trading of First National
An institutional investor recently raised its position in First National stock. Commonwealth Equity Services LLC increased its stake in shares of First National Co. (NASDAQ:FXNC – Free Report) by 103.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,282 shares of the company’s stock after purchasing an additional 18,412 shares during the period. Commonwealth Equity Services LLC owned approximately 0.58% of First National worth $639,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 33.92% of the company’s stock.
About First National
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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