First National Corp
FXNC
Market cap $185M

20.62 USD

+0.10

0.49%

Updated Oct 22, 10:29 AM EDT

1 day

0.49%

5 days

12.25%

1 month

14.56%

3 months

26.58%

6 months

38.02%

Year to date

-3.87%

1 year

11.64%

5 years

8.53%

About: First National Corp is a bank holding company of First Bank, which is a commercial bank. Its core offering includes loans, deposits, wealth management, and other products and services. Loan products and services include personal loans, residential mortgages, home equity loans, and commercial loans. Deposit products and services include checking and savings. The Bank's wealth management division offers estate planning, investment management of assets, retirement accounts, and estate settlement.

Employees: 224

Financials State Commercial Banks

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0.43% less ownership

Funds ownership: 36.18% [Q1] → 35.75% (-0.43%) [Q2]

4% less funds holding

Funds holding: 28 [Q1] → 27 (-1) [Q2]

7% less capital invested

Capital invested by funds: $36.8M [Q1] → $34.1M (-$2.73M) [Q2]

14% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 7

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$21

2%

upside

Avg. target

$22

4%

upside

High target

$22

7%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Hovde Group	7%upside $22	Outperform Initiated	8 Oct 2024
Janney Montgomery Scott John Rodis 67% 1-year accuracy 2 / 3 met price target	2%upside $21	Buy Upgraded	1 Aug 2024

See Analyst Rankings

Financial journalist opinion

Federal Home Loan Bank of Atlanta Announces 2024 Director Election Results

ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2024 director election. The Bank conducted an election to fill the member directorships for North Carolina and Virginia, an independent directorship and a public interest independent directorship. Each director-elect will serve a four-year term commencing on January 1, 2025, and ending December 31, 2028.

Federal Home Loan Bank of Atlanta Announces 2024 Director Election Results

First National Corporation Completes Acquisition of Touchstone Bankshares, Inc.

STRASBURG, Va., Oct. 01, 2024 (GLOBE NEWSWIRE) -- First National Corporation (NASDAQ: FXNC) (the “Company” or “First National”), the one-bank holding company of First Bank, announced today that it has completed the acquisition by merger of Touchstone Bankshares, Inc. (“Touchstone”) effective October 1, 2024 (the “Merger”). Immediately following the Merger, Touchstone Bank, the wholly owned subsidiary of Touchstone Bankshares, Inc., was merged with and into First Bank. Pursuant to the previously announced terms of the Merger, each outstanding share of Touchstone Bankshares, Inc. common stock and preferred stock (on an as-converted, one-for-one basis, which shares of preferred stock converted automatically to common stock at the effective time of the Merger) is entitled to receive 0.8122 shares of First National Corporation's common stock.

First National Corporation Completes Acquisition of Touchstone Bankshares, Inc.

Touchstone Bankshares, Inc. Declares Pro Rata Annual Cash Dividend in Anticipation of the Proposed Merger with First National Corporation

PRINCE GEORGE, Va., Sept. 19, 2024 /PRNewswire/ -- Touchstone Bankshares, Inc. (the "Company") (OTC Pink: TSBA) announced today that its Board of Directors has declared a pro rata annual cash dividend in anticipation of its previously announced merger (the "Merger") with First National Corporation ("First National") (NASDAQ: FXNC).

Touchstone Bankshares, Inc. Declares Pro Rata Annual Cash Dividend in Anticipation of the Proposed Merger with First National Corporation

First National Corporation and Touchstone Bankshares, Inc. Announce Receipt of Regulatory Approvals for Merger

STRASBURG, Va. and PRINCE GEORGE, Va., Aug. 08, 2024 (GLOBE NEWSWIRE) -- First National Corporation (“First National”) (NASDAQ: FXNC), the bank holding company of First Bank, and Touchstone Bankshares, Inc. (“Touchstone”) (OTCPK: TSBA), the bank holding company of Touchstone Bank, announced today the receipt of regulatory approvals from the Federal Reserve Bank of Richmond, acting under authority delegated by the Board of Governors of the Federal Reserve System, and the Bureau of Financial Institutions of the Commonwealth of Virginia, to complete the previously announced merger of Touchstone with and into First National in an all-stock transaction (the “Merger”). Immediately following the Merger, Touchstone Bank would then immediately merge with and into First Bank.

First National Corporation and Touchstone Bankshares, Inc. Announce Receipt of Regulatory Approvals for Merger

Zacks Investment Research

First National Corp. (FXNC) Q2 Earnings and Revenues Top Estimates

First National Corp. (FXNC) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.56 per share a year ago.

First National Corp. (FXNC) Q2 Earnings and Revenues Top Estimates

Touchstone Bankshares, Inc. Reports Financial Results for the Second Quarter 2024

PRINCE GEORGE, Va. , July 31, 2024 /PRNewswire/ -- Touchstone Bankshares, Inc. (the "Company") (OTC Pink: TSBA), and its wholly owned subsidiary, Touchstone Bank (the "Bank"), reported unaudited results for the three and six months ended June 30, 2024.

Touchstone Bankshares, Inc. Reports Financial Results for the Second Quarter 2024

FIRST NATIONAL CORPORATION INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Merger of First National Corporation - FXNC

NEW ORLEANS , July 17, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

FIRST NATIONAL CORPORATION INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Merger of First National Corporation - FXNC

FIRST NATIONAL CORPORATION INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of First National Corporation - FXNC

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of First National Corporation (“the Company”) (NasdaqCM: FXNC) and Touchstone Bankshares, Inc. (OTCPK: TSBA). Under the terms of the proposed transaction, Touchstone shareholders would receive 0.8122 shares of First National stock for each share of Touchstone stock they own. KSF is seeking to determine whether.

FIRST NATIONAL CORPORATION INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of First National Corporation - FXNC

Zacks Investment Research

Is First National (FXNC) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is First National (FXNC) Stock Undervalued Right Now?

Zacks Investment Research

First National (FXNC) Moves to Strong Buy: Rationale Behind the Upgrade

First National (FXNC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

First National (FXNC) Moves to Strong Buy: Rationale Behind the Upgrade

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