Millennium Management LLC Makes New Investment in First National Co. (NASDAQ:FXNC)

Millennium Management LLC bought a new stake in shares of First National Co. (NASDAQ:FXNC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,225 shares of the company's stock, valued at approximately $396,000. Millennium Management LLC owned about 0.19% of First National as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. First Manhattan CO. LLC. purchased a new stake in shares of First National in the 4th quarter worth $817,000. Citadel Advisors LLC bought a new position in shares of First National in the 4th quarter worth $261,000. 683 Capital Management LLC purchased a new stake in shares of First National during the 4th quarter worth $352,000. Rhino Investment Partners Inc bought a new stake in First National during the fourth quarter valued at about $2,881,000. Finally, Northern Trust Corp bought a new stake in First National during the fourth quarter valued at about $504,000. Institutional investors own 33.92% of the company's stock.

First National Stock Down 3.4%

NASDAQ FXNC traded down $0.67 on Friday, hitting $18.88. The stock had a trading volume of 18,675 shares, compared to its average volume of 22,349. The business's fifty day moving average price is $19.87 and its 200 day moving average price is $22.56. The stock has a market cap of $169.67 million, a price-to-earnings ratio of 16.28 and a beta of 0.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.85. First National Co. has a 52-week low of $14.75 and a 52-week high of $26.97.

First National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Friday, May 30th. First National's dividend payout ratio (DPR) is 74.70%.

First National Company Profile

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.