First National (NASDAQ:FXNC – Get Free Report) posted its quarterly earnings data on Friday. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.13, FiscalAI reports. The business had revenue of $25.29 million during the quarter, compared to the consensus estimate of $24.27 million. First National had a return on equity of 11.50% and a net margin of 18.43%.
First National Trading Up 0.2%
First National stock traded up $0.06 during trading hours on Friday, reaching $29.91. 3,072 shares of the company’s stock were exchanged, compared to its average volume of 56,073. The firm has a market capitalization of $270.41 million, a PE ratio of 12.48 and a beta of 0.47. The firm’s 50 day simple moving average is $30.44 and its 200 day simple moving average is $29.59. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.09. First National has a twelve month low of $22.09 and a twelve month high of $33.24.
First National Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, August 28th. First National’s dividend payout ratio (DPR) is presently 28.33%.
Wall Street Analyst Weigh In
FXNC has been the topic of several recent research reports. Raymond James Financial assumed coverage on First National in a report on Thursday, June 25th. They set a “market perform” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of First National in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, First National presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on First National
About First National
First National Corporation (NASDAQ: FXNC) is a bank holding company headquartered in Strasburg, Virginia. The company operates through its principal subsidiary, First Bank, a community banking institution serving individuals, families, businesses and organizations in Virginia.
First Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential real estate lending, commercial loans, mortgage services and online and mobile banking.
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