First National (NASDAQ:FXNC) Releases Earnings Results, Beats Estimates By $0.13 EPS

First National (NASDAQ:FXNC) issued its quarterly earnings data on Friday. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.63 by $0.13, FiscalAI reports. The company had revenue of $25.29 million during the quarter, compared to analysts’ expectations of $24.27 million. First National had a net margin of 18.43% and a return on equity of 11.50%.

First National Price Performance

Shares of NASDAQ:FXNC traded down $0.21 on Friday, hitting $29.64. The company’s stock had a trading volume of 4,623 shares, compared to its average volume of 56,075. The company has a 50-day simple moving average of $30.44 and a 200 day simple moving average of $29.59. First National has a 1 year low of $22.09 and a 1 year high of $33.24. The company has a market capitalization of $267.95 million, a PE ratio of 12.35 and a beta of 0.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88.

First National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.68 annualized dividend and a dividend yield of 2.3%. First National’s dividend payout ratio (DPR) is presently 28.33%.

Analyst Ratings Changes

FXNC has been the topic of several recent analyst reports. Raymond James Financial began coverage on shares of First National in a research note on Thursday, June 25th. They issued a “market perform” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of First National in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, First National currently has an average rating of “Moderate Buy”.

First National Company Profile

First National Corporation (NASDAQ: FXNC) is a bank holding company headquartered in Strasburg, Virginia. The company operates through its principal subsidiary, First Bank, a community banking institution serving individuals, families, businesses and organizations in Virginia.

First Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential real estate lending, commercial loans, mortgage services and online and mobile banking.