First National (FXNC) to Release Quarterly Earnings on Thursday

First National (NASDAQ:FXNCGet Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $21.10 million for the quarter.

First National Price Performance

Shares of FXNC stock opened at $25.12 on Wednesday. The firm’s 50 day moving average price is $24.23 and its two-hundred day moving average price is $20.75. The stock has a market cap of $225.33 million, a PE ratio of 22.43 and a beta of 0.54. First National has a 52-week low of $14.50 and a 52-week high of $26.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85 and a current ratio of 0.85.

First National Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.155 per share. The ex-dividend date was Friday, November 29th. This represents a $0.62 dividend on an annualized basis and a yield of 2.47%. This is a boost from First National’s previous quarterly dividend of $0.15. First National’s dividend payout ratio (DPR) is 55.36%.

Analyst Ratings Changes

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

Read Our Latest Research Report on FXNC

First National Company Profile

(Get Free Report)

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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Earnings History for First National (NASDAQ:FXNC)

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