First National (FXNC) to Release Earnings on Thursday

First National (NASDAQ:FXNCGet Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect First National to post earnings of ($0.03) per share and revenue of $21.10 million for the quarter.

First National (NASDAQ:FXNCGet Free Report) last posted its earnings results on Friday, November 1st. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. First National had a return on equity of 6.52% and a net margin of 8.91%. The company had revenue of $20.65 million for the quarter, compared to analyst estimates of $14.40 million. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, analysts expect First National to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First National Stock Up 0.4 %

Shares of NASDAQ:FXNC opened at $24.98 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.11. First National has a 52-week low of $14.50 and a 52-week high of $26.00. The stock’s fifty day simple moving average is $24.05 and its 200-day simple moving average is $20.49. The company has a market capitalization of $224.07 million, a P/E ratio of 22.30 and a beta of 0.54.

First National Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.155 dividend. This is an increase from First National’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Friday, November 29th. First National’s dividend payout ratio is currently 55.36%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on First National

About First National

(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.

See Also

Earnings History for First National (NASDAQ:FXNC)

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