First National Corp. (NASDAQ:FXNC – Get Free Report) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.19 per share on Friday, December 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, November 27th. This is a 11.8% increase from First National’s previous quarterly dividend of $0.17.
First National has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 10 consecutive years. First National has a dividend payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect First National to earn $2.72 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 25.0%.
First National Stock Performance
Shares of First National stock opened at $30.27 on Friday. The firm’s fifty day simple moving average is $30.30 and its 200-day simple moving average is $29.03. The stock has a market capitalization of $273.64 million, a price-to-earnings ratio of 11.92 and a beta of 0.49. First National has a 12 month low of $23.07 and a 12 month high of $33.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88.
First National (NASDAQ:FXNC – Get Free Report) last released its quarterly earnings results on Friday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.63 by $0.13. First National had a net margin of 19.35% and a return on equity of 12.21%. The firm had revenue of $25.29 million during the quarter, compared to the consensus estimate of $24.27 million. As a group, equities analysts forecast that First National will post 2.62 earnings per share for the current year.
About First National
First National Corporation is a bank holding company headquartered in Strasburg, Virginia. It operates First Bank, a community bank that provides personal and business banking services. Its offerings include checking and savings accounts, loans, mortgage lending, digital banking and services for businesses, such as cash management. The company serves communities in Virginia and North Carolina through its banking operations. First National traces its roots to 1907 and expanded its reach through the 2024 combination with Touchstone Bankshares, the parent company of Touchstone Bank.
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