First National (FXNC) Expected to Report Earnings Soon

First National (NASDAQ:FXNC – Get Free Report) is set to reveal its earnings data before the market opens on Thursday, February 6th. Analysts are predicting that First National will report earnings of $0.47 per share alongside revenue amounting to $21.10 million for the upcoming quarter.

First National Stock Overview

The stock for First National opened at $25.12 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85, and a current ratio of 0.85. Additionally, the firm's 50-day moving average stands at $24.23, while the 200-day moving average is $20.75. Over the past year, First National has seen a low of $14.50 and a high of $26.00. The company carries a market capitalization of $225.33 million, a price-to-earnings ratio of 22.43, and a beta of 0.54.

Dividend Increase Announced

Recently, First National announced a quarterly dividend, which was paid to shareholders on Friday, December 13th. Investors who held shares on Friday, November 29th received a dividend of $0.155 per share, translating to an annualized dividend of $0.62 and providing a dividend yield of 2.47%. The ex-dividend date for this payment was also November 29th. This figure is an increase from the previous quarterly dividend of $0.15. Currently, First National's dividend payout ratio (DPR) is 55.36%.

New Price Targets Set by Analysts

Recently, several research analysts have shared insights regarding FXNC shares. On October 8th, Hovde Group initiated coverage on First National, assigning the company an “outperform” rating with a target price of $22.00. In contrast, Janney Montgomery Scott downgraded First National’s shares from a “buy” to a “neutral” rating in a report released on December 4th.

About First National

First National Corporation operates as a bank holding company for First Bank, offering a range of commercial banking services primarily aimed at small and medium-sized businesses, individuals, estates, local governments, and non-profit organizations throughout Virginia. The company's offerings include various deposit products such as checking, savings, money market accounts, individual retirement accounts, certificates of deposit, and treasury management solutions.

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Earnings, Stocks, Dividend