First National Corp. (NASDAQ:FXNC) Short Interest Update

First National Corp. (NASDAQ:FXNC - Get Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 84,700 shares, an increase of 26.0% from the May 15th total of 67,200 shares. Approximately 1.1% of the company's stock are short sold. Based on an average daily volume of 21,800 shares, the short-interest ratio is currently 3.9 days.

First National Stock Performance

FXNC stock traded up $0.07 on Wednesday, reaching $18.61. The company's stock had a trading volume of 57,324 shares, compared to its average volume of 16,633. The company has a market capitalization of $167.30 million, a P/E ratio of 22.42 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.90 and a quick ratio of 0.90. First National has a 52 week low of $14.75 and a 52 week high of $26.97. The firm has a fifty day moving average of $19.83 and a two-hundred day moving average of $22.42.

First National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, May 30th. First National's dividend payout ratio (DPR) is presently 74.70%.

Institutional Investors Weigh In On First National

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC increased its stake in shares of First National by 4.4% in the 4th quarter. Empowered Funds LLC now owns 14,130 shares of the company's stock valued at $325,000 after buying an additional 600 shares during the period. Barclays PLC acquired a new stake in shares of First National during the fourth quarter worth $36,000. Dimensional Fund Advisors LP raised its holdings in shares of First National by 20.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,041 shares of the company's stock valued at $323,000 after purchasing an additional 2,398 shares during the last quarter. PL Capital Advisors LLC acquired a new position in First National during the fourth quarter valued at approximately $78,000. Finally, Salzhauer Michael acquired a new stake in First National in the 4th quarter valued at about $202,000. 33.92% of the stock is currently owned by institutional investors.

About First National

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.

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