First National CorpFXNC
FXNC
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. The Company operates through two reportable operating segments: Community Banking and wealth management. The Community Banking segment involves making loans and generating deposits from individuals, businesses, and charitable organizations. Wealth Management Services offers corporate trustee services, trust and estate administration, IRA administration and custody services. Key revenue is generated from Community Banking.
Employees: 303
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
1,400% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 1
200% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 3 (+2) [Q4]
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
83% more capital invested
Capital invested by funds: $39.8M [Q3] → $72.6M (+$32.9M) [Q4]
48% more funds holding
Funds holding: 29 [Q3] → 43 (+14) [Q4]
0.99% less ownership
Funds ownership: 36.18% [Q3] → 35.2% (-0.99%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for FXNC.
Financial journalist opinion
Positive
Zacks Investment Research
1 week ago
First National (FXNC) Soars 5.4%: Is Further Upside Left in the Stock?
First National (FXNC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Neutral
GlobeNewsWire
1 month ago
First Bank Welcomes Joe Shearin, President, Greater Richmond Market
STRASBURG, Va., Feb. 18, 2025 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”) is pleased to announce the addition of Joe Shearin as President, Greater Richmond Market. Joe will lead First Bank's strategic efforts across Richmond, Southside Virginia, and northern North Carolina. He will be responsible for community impact and all lines of business banking and business development in the expanded footprint, following the 2024 merger with Touchstone Bank.
Positive
Zacks Investment Research
2 months ago
First National Corp. (FXNC) Surpasses Q4 Earnings and Revenue Estimates
First National Corp. (FXNC) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to loss of $0.14 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
First National Corporation Reports Fourth Quarter and Annual 2024 Financial Results
STRASBURG, Va., Feb. 06, 2025 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported an unaudited consolidated net loss of $933 thousand and basic and diluted loss per common share of $0.10 for the fourth quarter of 2024, and adjusted operating earnings(1) of $6.0 million and adjusted operating basic and diluted earnings(1) per common share of $0.66 for the fourth quarter of 2024.
Positive
Seeking Alpha
4 months ago
13 Upcoming Dividend Increases Including 2 Kings
This week's dividend increases feature two dividend kings, Stepan and Tennant, with average increases of 7.4% and a median of 5.4%. Thirteen companies are increasing their dividends this week, with an average increase of 7.4% and a median of 5.4%. My strategy focuses on buying, holding, and adding companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ.
Positive
Zacks Investment Research
5 months ago
First National Corp. Rewards Shareholders With a 3.3% Dividend Hike
FXNC announces a 3.3% hike in its quarterly dividend to 15.5 cents per share. A solid liquidity and capital position will help sustain capital distributions.
Neutral
GlobeNewsWire
5 months ago
First National Corporation Announces Increase in Cash Dividend for 10th Consecutive Year
STRASBURG, Va., Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First National Corporation (the “Company”) (Nasdaq: FXNC) declared a quarterly cash dividend of $0.155 per share on November 13, 2024, a 3% increase compared to the quarterly dividend paid on September 13, 2024.
Positive
Zacks Investment Research
5 months ago
Are Investors Undervaluing First National (FXNC) 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.
Positive
Zacks Investment Research
5 months ago
First National (FXNC) Is a Great Choice for 'Trend' Investors, Here's Why
First National (FXNC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Negative
Zacks Investment Research
5 months ago
First National Corp. (FXNC) Q3 Earnings Lag Estimates
First National Corp. (FXNC) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.50 per share a year ago.
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