First National Co. (NASDAQ:FXNC – Get Free Report) CEO Scott C. Harvard purchased 1,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average cost of $14.90 per share, for a total transaction of $14,900.00. Following the acquisition, the chief executive officer now directly owns 69,729 shares of the company’s stock, valued at approximately $1,038,962.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
First National Price Performance
Shares of NASDAQ:FXNC opened at $15.40 on Friday. The company’s fifty day moving average is $16.47 and its two-hundred day 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. First National Co. has a 12-month low of $13.55 and a 12-month high of $21.75. The company has a market cap of $96.71 million, a P/E ratio of 10.77 and a beta of 0.51.
First National (NASDAQ:FXNC – Get Free Report) last announced 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). First National had a net margin of 12.21% and a return on equity of 7.90%. The firm had revenue of $13.88 million for the quarter, compared to analyst estimates of $13.60 million. Equities analysts expect that First National Co. will post 1.79 earnings per share for the current fiscal year.
First National Announces Dividend
Institutional Trading of First National
An institutional investor recently raised its position in First National stock. Commonwealth Equity Services LLC raised its position in shares of First National Co. (NASDAQ:FXNC – Free Report) by 103.0% during the 3rd quarter, according to the company in its most recent 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 quarter. Commonwealth Equity Services LLC owned 0.58% of First National worth $639,000 at the end of the most recent quarter. Institutional investors own 33.92% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, TheStreet cut First National from a “b-” rating to a “c+” rating in a report on Monday, March 18th.
Read Our Latest Analysis on First National
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.
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